Questions tagged [cryptocurrency]
Questions concerning the laws on creating, using, transfering and realising cryptocurrency.
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Does online business, only using crypto currency have collect a tax bill before they can release funds back to an individual?
Online platform company, invest small amount of funds to earn a commission by reviewing items. If an item becomes to expensive you account goes negative and you have to deposit money to clear to ...
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Do FCA rules mean financial firms have to refuse service if their customers are not knowledgeable enough?
I recent weeks I have had emails from multiple cryptocurrency exchanges requiring me to fill in a document online to keep using their services. They describe this as a questionnaire but say "You ...
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What kind of claims did Ryan Salame forfeit in the FTX trial?
There is a recent article about the trial of Ryan Salame surrounding the crypto-currency platform FTX. The article starts with the big headline that he forfeited $1,5 billion and then writes later on ...
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How could someone whose trades are being copied be liable to the person who is doing the copying?
It is reported that someone was copying the trades of a noted NFT trader. This noted NFT trader profited from this by making an inflated bids on one of his own NFTs, and when the copycat replicated ...
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What requirements does the CFTC vs Ooki DAO Default Judgment place on token holders?
On June 8th, 2023 the District Court, N.D. California awarded default judgment against Ooki DAO for allowing illegal trading of digital assets, engaging in activities only allowed by registered ...
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Is Crypto the same as any foreign currency?
A foreign currency exchange is nothing new. On the other hand cryptographic currency ("crypto" i.e. Bitcoin) is relatively new, as are their exchanges.
https://abcnews.go.com/Business/...
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is reselling virtual "in game" items legal in the USA?
If I were to buy virtual in game items through third party websites which is against the game's TOS with bitcoin then resell them for more money is that legal?
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How to verify an arrest in Russia? [closed]
Assume the media reports that a particular individual has been arrested by Russian police. Others reports deny this. Is there any authoritative legal mechanism for ascertaining the true situation?
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Can I turn cryptocurrency into giftcards without being taxed? [closed]
Alright, so my idea is to trade crypto then turn it into giftcards since I don't have a bank account. I want to make sure taxes don't apple. Thanks for any help!
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How consumers taxed with a cryptocurrency prepaid card?
A store decided to issue a prepaid card that can be loaded with cryptocurrency and used only in that store.
Will the customers pay tax when they load the card, use it, or both?
I am interested in US ...
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What features are used to distingish between investing and running a money transmitting business?
This question about the risk of money laundering prosecution one could face using decentralized cryptocurrency exchanges is answered by "Generally, local laws will define concepts like "...
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Is it possible for an individual to commit money laundering like a bank?
In the classic example of money laundering, Charlie the Criminal would take his dirty money to Bob the Banker and get it in some form that is spendable and transferable. In this situation it would be ...
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My crypto exchange closed my account for no reason, how can I defend myself against it? [closed]
A couple of years ago, I opened an account in Bitpanda, deeming it a serious and professional crypto exchange.
In the last year I haven't carried out any operations, a few days ago I decided to go ...
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How to find a US lawyer for consultation in the open-source + banking + blockchain space?
Considering writing open-source software in the banking/cryptocurrency space (in the USA). Want to do it properly, and have a few questions for how to navigate the space.
What's the type of lawyer I ...
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Are flash loan attacks legal?
A new form of "money making activity" has emerged in recent years, the flash loan attack. In very rough terms, a loan of some cryptocurrency is taken out, the cryptocurrency is used in some ...
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