Tag Archives: Virtual

NY AG finds pervasive vulnerabilities in virtual currency exchanges

By Lene Powell, J.D. A new report by the New York Attorney General reveals serious, widespread deficiencies in customer protections at virtual currency exchanges, leaving customers vulnerable to abusive trading practices, conflicts of interest, and asset losses. The Virtual Markets … Continue reading

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IRS Announces Audit Campaign Focusing on Virtual Currency Transactions, But No Voluntary Disclosure Program to Address Non-Compliance

Earlier this week the Internal Revenue Service announced creation of a virtual currency compliance initiative that will focus on tax compliance by taxpayers engaging in virtual currency transactions. The IRS intends to address non-compliance in this area by conducting audits … Continue reading

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Circumstances When Virtual Divorce Mediation Makes Sense

As technology keeps expanding its base, more and more avenues open up where technology plays a crucial role. For communication purposes, technology has become absolutely necessary. One of the new areas where technology has made its presence felt is divorce … Continue reading

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Hong Kong: HKMA publishes a revised guideline on Virtual Banks

Following a public consultation, the Hong Kong Monetary Authority (HKMA) published a revised Guideline on Authorization of Virtual Banks (the Guideline) on 30 May 2018. The Guideline supersedes the previous guideline issued in 2000 (and updated in 2012). Our blog … Continue reading

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