More specifically, attendees will learn the following:
- Cryptocurrency Global Standards
- Understanding the policy-making process in the United States and how it will shape the rules that govern the cryptocurrency market
- Discuss the new DFSA rules , as well as global regulations and developing a cross-border standard that applies to cryptos (ex: IOSCO, the Financial Stability Board, the view from the U.K., and BIS)
- 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
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