Tag Archives: virtual currency

Theft of Virtual Currency and Virtual Property

There can be significant financial value in digital property, and thieves have started to take notice. Below are a few recent news stories about stolen virtual currency and stolen virtual property. In June 2015, armed robbers stole $1,100 worth of … Continue reading

Posted in Video Games & Virtual Worlds, Virtual Currency | Tagged , , , , | Comments Off on Theft of Virtual Currency and Virtual Property

Estate Planning and Tax Issues for Bitcoin and Other Virtual Currencies

For estate planning and tax advisers, it’s important to know about all of a person’s valuable and significant assets, including digital assets, so that they can help the person properly plan ahead for incapacity, death, and taxes. New types of … Continue reading

Posted in Virtual Currency | Tagged , , , , , , , , , | Comments Off on Estate Planning and Tax Issues for Bitcoin and Other Virtual Currencies

Convertible Virtual Currency (Like Bitcoin) is Subject to U.S. Money-Laundering Rules

On March 18, 2013, the the U.S. Financial Crimes Enforcement Network released new interpretive guidance regarding “convertible virtual currency” for purposes of the Bank Secrecy Act (BSA). The BSA requires financial institutions in the United States to report cash transactions … Continue reading

Posted in Financial Accounts, Video Games & Virtual Worlds | Tagged , , , , , , , , , , | Comments Off on Convertible Virtual Currency (Like Bitcoin) is Subject to U.S. Money-Laundering Rules