Bitcoin as Property?

Since we’re all just a little over a week from tax day, I thought I’d share some interesting analysis that was recently published by Nicholas Anthony, a research fellow at Cato Institute’s Center for Monetary and Financial Alternatives. He claims that the rules for capital gains have made it nearly impossible to use Bitcoin as money in the U.S.

Currently, the IRS treats Bitcoin and other virtual currencies as property, not as currency, for federal tax purposes. According to IRS Notice 2014-21, transactions are taxed under general property principles – meaning selling, exchanging,

Tokenization. The Future of Capital Raising?

A few years ago, I was involved in an interesting project where we attempted to “tokenize” the ownership interests of a company which owned as its only asset an apartment complex in Kansas City. We were trying to represent the rights of several owners of the company through a cryptographically secured digital token recorded on distributed ledger technology (DLT). DLT is a digital system that records details of transactions in multiple locations at the same time as opposed to on a centralized database.