The Sleeping Bears Awake, Grumpy – Bad News for Cryptocurrency

After years of inaction on cryptocurrency, regulatory agencies are rapidly announcing plans to increase the regulation of these digital assets, as well as the tax and compliance burden on taxpayers who use them. In an article published by HFMWeek, a leading publication for the global hedge fund community, Roger Lorence discuss the challenges and uncertainties surrounding the cryptocurrency market and why these recent developments signal bad news for participants.

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Roger Lorence Roger Lorence specializes in the taxation and international taxation of financial services companies, and financial products, and a diverse range of business entities. Mr. Lorence’s practice includes providing tax advice for tax-advantaged transactions and businesses, particularly as affected by recent changes in tax laws. He provides specialized advice relating to taxation and related areas of law-to-law firms, accounting firms, and their clients, including representation... Read full bio