DIFC Academy

Cryptocurrencies, the View from Washington, DC: Current Laws on Capitol Hill, Sanctions Enforcement, and Tax Implications

DIFC Academy in partnership with Buchanan, Ingersoll & Rooney presents a webinar entitled, Cryptocurrencies, the View from Washington, DC: Current Laws on Capitol Hill, Sanctions Enforcement, and Tax Implications.This course will provide a legislative and regulatory overview of the current climate surrounding virtual currencies in the United States as it pertains to legislative initiatives (and challenges) tabled on Capitol Hill, developments in sanctions law and updates with respect to IRS reporting requirements.

Description

Cryptocurrencies, the View from Washington, DC: Current Laws on Capitol Hill, Sanctions Enforcement, and Tax Implications - 400.00 AED
From : 09 Jan 2023 10:00 AM || To : 09 Jan 2023 12:00 PM

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

 

Select
Cryptocurrencies, the View from Washington, DC: Current Laws on Capitol Hill, Sanctions Enforcement, and Tax Implications
Jan 09, 2023 1:00 PM -To- Jan 09, 2023 3:00 PM

Cryptocurrencies, the View from Washington, DC: Current Laws on Capitol Hill, Sanctions Enforcement, and Tax Implications

In association with Buchanan Ingersoll & Rooney PC

2 CLPD Accredited
1
Total - 400 AED

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