Regulators across the globe are assessing the rise of cryptocurrencies and ways to both control and manage the advent of the explosive Blockchain technology. While much remains to be learned about this growing technology, there are considerable worries among global regulators as to its capacity to disrupt traditional financial systems. In the United States, for example, the CFTC, the SEC, FinCen and the IRS, as well as state regulators, have issued interpretive guidance with respect to digital assets. Likewise, in Europe, the OECD and EU member states are reviewing the application of cryptocurrencies to their domestic laws and ways to improve compliance and cross-border implications. In the UAE, the DIFC’s Innovation Hub speaks volume as to the future of digital assets and the platform the DIFC will provide to those interested parties to explore FinTech transactions.
The continuing growth and expansion of cryptocurrencies and digital currencies across the world has led to a more in-depth need for assessing and establishing legal, regulatory and tax regulations to cryptocurrencies. This webinar provides a high overview of these developments in the fast paced world of virtual assets.
Counsel | Buchanan Ingersoll & Rooney
Sahel Assar is an international lawyer, whose practice focuses on the legal needs and issues relevant to large international families and entrepreneurs in Europe, the Middle East, and Asia with U.S. connections.
She has extensive experience advising ultra-high-net-worth individuals and their closely held business interests and real property holdings with respect to international cross-border tax planning (inbound and outbound), international trusts and estates for families of substantial wealth, and compliance with U.S. tax reporting requirements such as assistance with the Foreign Account Tax Compliance Act (FATCA). In addition, Ms. Assar assists individuals with respect to reporting matters before the IRS, including representation in matters pertaining to taxation of cryptocurrencies, the IRS Offshore Voluntary Disclosure Program and the IRS Streamlined Filing Compliance Procedures.
Additionally, Ms. Assar is the co-chair of her firm’s blockchain practice, including transactions pertaining to cryptocurrencies.