This week Shipkevich ICO attorneys will be presenting a 90-minute Stafford CLE live webinar on virtual currency and regulations. On Wednesday the 18th at 1:00 pm the lecture titled “Cryptocurrency: Evolving Regulatory Landscape, Recent SEC, CFTC, FinCEN, IRS Enforcement Actions,” will update current regulations of cryptocurrency and how their enforcement actions will affect companies invested in ICO launches or Token sales.
Felix Shipkevich, the Principal of Shipkevich PLLC is a derivatives, commodities, futures and ICO regulations attorney with extensive experience advising Forex and money service businesses. He has worked with Financial Technology companies has advised organizations and investors on cryptocurrency ever since Bitcoin and ICOs disrupted capital markets. He has spoken in various national panels regarding cryptocurrency and ICOs regulations.
Stefan Savic’s practice focuses on business and commercial litigation with experience advising clients on corporate governance, management, and licensing agreements. He is regularly published by Above The Law and has participated in CLE presentations and in panels advising on payments and money services business.
The ICO attorneys will focus on Cryptocurrency like Bitcoin and the regulatory bodies involved in regulating this new form of currency. Bitcoin and other virtual currency work on Blockchain distributed ledger technology which has given rise to ICOs, AltCoins, utility Tokens, and other novel products that have raised billions of dollars to date. Last year Securities Exchange Commission (SEC) commenced heavy regulatory enforcement actions of ICOs and Token sales that violated securities law. After various enforcement actions the SEC released a public statement on ICO regulations, receiving commendations from the Commodities and Futures Trading Commission (CFTC).
Shortly after the CFTC released their own Cryptocurrency advisory to investors and claimed virtual currency could be regulated as a commodity. This year started with a joint statement from both agencies and more court orders against ICOs that violated regulations. More government agencies have been getting involved since then. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published their own regulation guidelines this March for convertible ICOs and virtual currency. The IRS released its annual tax-season reminder that cryptocurrency is taxed like a property since their 2014 announcement.
The ICO attorneys panel will study the regulatory framework for Blockchain and virtual currency, and the actions taken by regulators against ICO and Token issuers, traders, and other case studies.
Registration and for more information:
Wednesday, April 18, 2018 (in 2 days)
1:00pm-2:30pm EDT, 10:00am-11:30am PDT
- Distributed ledgers, blockchain and digital currency
- SEC: Securities Act registration requirements; actions for noncompliance
- CFTC: cryptocurrency as a commodity; actions for fraud and manipulation
- FinCEN: “convertible” virtual currency; money laundering and other actions
- IRS: obligation to report capital gains and other income; recent actions
- Why does the SEC view most digital tokens as securities, and what are registration requirements?
- When is cryptocurrency viewed as a commodity, and what are the ramifications for traders?
- What makes a token a convertible currency, and what kinds of FinCEN enforcement actions have resulted?
- Why might reporting transactions to the IRS be particularly problematic in the blockchain environment?