Until late 2019, the IRS had released very little guidance on the tax treatment of what it refers to as “virtual currency” except Notice 20141, which defined virtual currency as “property,” like ...

Virtual currencies are common forms of financial activity. A quarter into the 21st century, the average individual has become aware of (and often comfortable using) things like Apple Pay, digital ...

This post summarizes the key provisions and implications of the new laws and provides some practical takeaways and recommendations for digital asset market participants. “Control” is defined as the ...

LOS ANGELES -- Bitcoin, the world's most popular virtual currency, isn't like the quarters and bills that you might be used to. The currency is powered instead by lines of computer code that are ...

The Virtual Digital Assets innovation is a new global world of finance — decentralized, transparent, and borderless.

The argument being made by Take-Two is that the virtual currency is not a player’s property, to begin with. There have been a few lawsuits against developers and publishers for microtransactions.

A federal jury awarded nearly $25 million in damages to consumers in Washington State after finding that certain "social casino" games were illegal gambling under state law. The virtual coins used in ...

The determination and grind to become the best player on the NBA 2K25 court is both stressful and exciting. There are many different ways for NBA 2K25 players to improve their game where that hard ...