fbtTECH Blog

Showing 7 posts in Blockchain.

The Federal Tax Consequences of Cryptocurrency Transactions

Cryptocurrency tax law scales

In recent years, cryptocurrencies, such as Bitcoin, Ripple, Ethereum, and Kin, have brought a flurry of activity and excitement to companies and investors. As Americans participate in these new virtual markets, they must also consider the tax impacts of their investments and activities. Amidst the excitement, the IRS has made clear that it is paying attention and is stepping up enforcement efforts to tax cryptocurrency transactions. Read More ›

Ohio Enacts Law Acknowledging Blockchain Transactions and Granting Safe Harbor Protections to Eligible Businesses from Data Breach Claims

On Friday, August 3, Governor Kasich signed Ohio Senate Bill 220, which acknowledges for the first time the legitimacy of blockchain transactions as enforceable electronic transactions and creates an affirmative defense to tort actions against eligible businesses for claims relating to data breaches. The law goes into effect in 90 days. Read More ›

New York Attorney General Launches Inquiry into Cryptocurrency Exchanges

On April 17, 2018, New York Attorney General Eric T. Schneiderman (the “NY AG”) launched the “Virtual Markets Integrity Initiative” (the “Initiative”), a fact-finding inquiry into the policies and practices of platforms used by consumers to trade virtual currencies like bitcoin and ether. Read More ›

Blockchain Update: SEC Order Interrupts the Munchee ICO

SEC issues cease-and-desist order two days into the Munchee ICO, a sign the Commission is inching toward a new regulatory framework for ICOs. Read More ›

The Medieval Economics of Cryptocurrency

Compass on moss

Medieval kings have something in common with cutting-edge software developers forking new applications off the blockchain. Read More ›

ICOs: Cloud-based but likely grounded in regulations

Bitcoin piggy bank

Initial coin offerings (ICOs) are garnering substantial attention as investors hope their digital coins will soon be worth more than gold and software developers envision them as a way to boot-strap financing. Read More ›

A Legislative Definition of Blockchain

Coding Blockchain

It seems like everyone is discussing “blockchain,” but few have taken the time to really define what blockchain is (and is not). In particular, the federal government has not reached a consensus on what the term should mean.  Read More ›

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Attorney Spotlight

Douglas A. Gastright is a patent attorney with more than seven years of professional experience as a software developer in the Cincinnati area.

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