Is it time for your Legal Practice to get involved with Bitcoin?

Posted by Richa Jain & filed under Legal.

Richa Jain

*+-Bitcoin – the most prominent digital currency in use today – is here to stay. The cryptocurrency, which has been around since 2008, has generated a lot of media as well as government interest. Several major investors, well known businessmen, CEO’s of large organizations and heads of governments have publically expressed their support for the… Read more »

Private Bankers eyeing a piece of the Bitcoin economy

Posted by Richa Jain & filed under Finance.

Richa Jain

*+-Bitcoin has created waves worldwide since the digital currency was introduced in 2009. Investors backing Bitcoin believe that it has the potential to become a global currency – that could change the way people use and send money everywhere. Instead of the conventional model of banks managing money and its movement, Bitcoin presents a new,… Read more »

The Impact of the IRS Guidance on Bitcoin

Posted by Richa Jain & filed under Accounting.

Richa Jain

*+-Years after Bitcoin made its way into the world, in March 2014, the IRS has made an attempt to clarify taxation guidelines for convertible virtual currencies (like Bitcoin). The key guideline is to treat bitcoins as property, and not currency. While it is a good move to clarify the government’s stance on Bitcoin taxation to… Read more »

The Block Chain’s Next Frontier: Smart Contracts

Posted by Richa Jain & filed under Finance.

Richa Jain

*+-There is much, much more to Bitcoin’s underlying protocol – the block chain – than is apparent at first glance. The digital currency could potentially change the way the world operates – and not just by challenging existing financial systems and decentralizing monetary transactions. Bitcoin evolved from the vision of enabling peer-to-peer transactions, without the… Read more »

Is Bitcoin part of your investment advisory practice?

Posted by Richa Jain & filed under Finance.

Richa Jain

*+-Bitcoins are a relatively new form of digital currency that may herald a drastic overhaul of the world’s financial ecosystem. It is stored electronically and can be bought and traded online. Because bitcoins are traded solely online, there is a drastic reduction in transaction costs compared to traditional currencies. The encryption and the heavily distributed,… Read more »