More specifically, attendees will learn the following:
- Policy Proposals being Considered by the United States Congress & Biden Administration
o Understanding the policy-making process in the United States and how it will shape the rules that govern the cryptocurrency market
q How politics and lobbying directly impact what the US Congress will do in this space
o Understanding the Biden Administration’s approach to this evolving market and the roles, responsibilities, and authorities of different agencies within the US executive branch of government.
- U.S. Sanctions Law Regulations Targeting Virtual Currencies
o How has the U.S. government become increasingly focused on regulating the use of cryptocurrencies?
o What has the Office of Foreign Assets Control (OFAC) recently published with respect to digital currencies and what are the practical takeaways?
o Review of recent high-profile cases showing OFAC’s reach and determination to enforce
o Learn what are the key issues of awareness and action for the cryptocurrency industry pertaining to (i) sanctioned coins, persons, and regions, (ii) restricted transactions, and (iii) best practices for updating compliance programs
- U.S. Tax and Reporting Requirements for U.S. Taxpayers
o Refresher of current U.S. tax rules and reporting requirements for U.S. taxpayers
o Recently issued guidance for non-compliant U.S. taxpayers
o How to come into compliance if you haven’t reported your virtual currencies the Internal Revenue Service