Morris Manning & Martin, LLP

MMM's Austin Mills discusses: “Do Token Sales Have Special Tax Considerations? And Other Blockchain Legal Implications.”

11.08.2017

Since blockchain technology and cryptocurrency are catching on quickly, laws and regulations have a long way to go to catch up. This includes tax regulations and money transmission laws.

For example, token sales have interesting tax implications — where the token is not a security, the proceeds of the sale will generally constitute some form of revenue, deferred revenue as one example. 

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Article by: Austin Mills
Featured in Hypepotamus, November 8, 2017