As the world of cryptocurrency mining continues to surge, a key question arises under the Internal Revenue Code (IRC) of the United States: Does a cryptocurrency miner incur a tax liability when they receive tokens in return for services, such as providing storage capacity, hashing power, or transaction validation to a crypto project? While it… Continue reading NAVIGATING THE TAX LANDSCAPE IN THE CRYPTO MINING BOOM

As digital currencies continue to grow in popularity, understanding the laws surrounding cryptocurrency is becoming increasingly important. This article provides a comprehensive look at both federal and Missouri state laws as they pertain to cryptocurrency. Federal Cryptocurrency Laws At the federal level, no law explicitly bans the use of cryptocurrencies. Instead, several agencies regulate their… Continue reading Deciphering Cryptocurrency Laws: A Comprehensive Look at U.S. Federal and Missouri State Regulations

Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has drastically transformed the financial landscape. As cryptocurrency’s popularity continues to surge, it’s essential to understand the regulatory environment surrounding it. In the United States, both federal and state laws come into play. This article will explore how cryptocurrency is regulated at… Continue reading Navigating the Cryptocurrency Regulation Landscape: Federal and Missouri State Law

As cryptocurrency becomes more mainstream, unfortunately, so do cryptocurrency scams. While it may seem that digital currency operates in a sort of ‘wild west’, there are indeed laws and regulations at both the federal and state level that provide protections against cryptocurrency scams. Federal Regulations Against Cryptocurrency Scams At the federal level, the U.S. Securities… Continue reading Understanding the Legal Framework Against Cryptocurrency Scams: U.S. Federal and Missouri Law Perspectives

As cryptocurrencies like Bitcoin become increasingly mainstream, a critical question arises: Can cryptocurrency be seized by the government? This article dives into the legal specifics under U.S. federal law and Missouri state law, and draws a comparison with past restrictions on gold ownership. Cryptocurrency and Asset Forfeiture Under federal law, cryptocurrencies can be seized by… Continue reading Can the Government Seize Your Cryptocurrency? A Closer Look at Federal and Missouri Laws