The IRS and Cryptocurrency

The IRS and Cryptocurrency

There is a misconception that cryptocurrencies are not being regulated in the United States.  In actuality, the Internal Revenue Service (IRS) first issued guidance on virtual currencies way back in 2014.  The IRS is currently working on updating their tax forms…

Understanding Smart Contracts

Understanding Smart Contracts

With the emergence of blockchain technology the term “smart contract” is being heard more often than ever.  Understandably, there is a lot of confusion as to what smart contracts are, why they are being called smart contracts and whether or…

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