Bitcoin and Virtual Currency: Innovation and Enforcement
Group Internet-Based Live Webinar
1:00 PM – 2:30 PM
Wednesday, October 15, 2014
Virtual currency is growing in use and acceptance across the world, and it has appealed to consumers, businesses, and investors alike. Its significance has not escaped the attention of government agencies, including the Internal Revenue Service, the Financial Crimes Enforcement Network, the Securities and Exchange Commission, and the Department of Justice. These agencies recently have imposed regulations on, or sought to curb some of the excesses of, virtual currency, and anyone who uses or accepts virtual currency or who has clients who do so must be aware of these government steps.
The faculty presenting this program will address, among other issues, the ongoing question of whether virtual currency can remain a viable form of legal monetary exchange, or will increasing regulation deprive virtual currency of the innovation—and perceived anonymity—that so far has made it attractive.
• Understand how virtual currency works.
• Learn about the regulation of virtual currency under the Bank Secrecy Act: current and what to expect in the future.
• Find out about the taxation of virtual currency by the Internal Revenue Service: current and what to expect in the future.
• Hear a discussion of the future of virtual currency and whether it is a risky fad or the future of finance.
Who would benefit most from attending this program?
Legal practitioners and finance and accounting professionals, particularly those involved with any of the following:
• Anti-money laundering compliance;
• Banking and financial services;
• Taxation; and
• White collar defense.
Program Level: Intermediate
Prerequisite: A general knowledge of online finance issues.
CPE Delivery Method: Group Internet-Based Live
Field of Study: Specialized Knowledge and Applications
Recommended CPE Credit: 1.5 credits
Anticipated CLE Credit: 1.5 credits (may vary based on from which jurisdiction requested)