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Is Bitcoin Mining Legal?

Legal AssistantAdministrative Law, Business Law, Regulatory Law

The digital asset industry in the United States has grown into a trillion-dollar market. Legislators have now realized that crypto isn’t going anywhere any time soon, and some form of regulatory oversight is required to protect investors from unscrupulous practices. In March 2022, President Biden issued an executive order. He directed relevant federal agencies to consolidate their efforts and come …

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Estate Planning with Cryptocurrency – How to Pass Assets After Death

Legal AssistantAdministrative Law, Estate & Probate Law, Regulatory Law, Resources

According to CoinMarketCap data, there are currently more than 18,000 different types of cryptocurrencies, with Bitcoin and Ethereum being the most popular ones of the bunch. As crypto continues to evolve and become more mainstream, it only makes sense that its value in your investment portfolio will continue to rise as well. The only challenge this poses is—unlike traditional assets, …

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Cryptocurrency and Taxes – What You Need to Know

Legal AssistantAdministrative Law, Business Law, Regulatory Law, Resources, Tax Law

2021 was a great year for cryptocurrency. It saw many first-time investors buying in, most of whom began investing in the last nine months or so. The market recorded several all-time highs and lows throughout the year, resulting in massive profits and losses in equal measure for many investors. If you’re part of this new crop of investors who got …

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Can I Sue Coinbase for Inadequate Protection?

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In November 2021, Coinbase, one of the world’s most popular digital currency exchanges, was slapped with a class action suit filed in the California Northern District Court. The plaintiff, Adam Alfia, alleged that Coinbase failed to protect customer accounts against data breaches and took unreasonable steps such as freezing customer accounts for extended durations to mitigate the cyberattacks. Adam Alfia …

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How to Recover Stolen Cryptocurrency

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The theft of cryptocurrencies such as Bitcoin and Ethereum is becoming increasingly common and has become a high priority target for fraudsters. According to a recent report compiled by Chainalysis, cybercriminals made away with a whopping $14 billion worth of crypto assets in 2021, translating to a 79% increase in crypto-related crime compared to the previous year. Scamming and hacking …

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What to Do if You Are a Victim of a Crypto Scam or Fraud

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It’s no secret that cryptocurrencies like Bitcoin, Ethereum, and several others are a highly sought-after commodity in the digital world of online trading. Many smart investors have made massive profits, with many others becoming millionaires overnight. Unfortunately, there is a dark side to it all that people hardly ever talk about – Crypto fraud. That’s right. The prospect of overnight …

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How Many Points Can You Get on Your License?

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Almost every state in the country adopts a traffic ticket points system designed to assign a point value for different types of traffic offenses. The system is used by the Department of Motor Vehicles (DMV) to monitor the licensed drivers in the state as well as to incentivize drivers to adhere to traffic laws. While the precise point allocation rules …

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Legal Challenges With Starting a Crypto Business

Legal AssistantAdministrative Law, Business Law, Regulatory Law, Resources

Whether you’re looking to create a new blockchain technology or invest in it, starting a crypto business can be both lucrative and exciting. Like any new technology, navigating the murky regulatory and legal waters is a major concern for anyone looking to dive into the world of digital currencies and assets. This article takes an in-depth look at the three …

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Do You Need a License to Drive a 50cc Scooter?

Legal AssistantRegulatory Law, Resources

Nimble size, low maintenance, low gas consumption, ease of use – there are several reasons why many people turn to scooters for getting around town. There’s something about the feeling of fresh air in your face that makes this mode of transportation desirable for many. That said, you need to familiarize yourself with the scooter licensing laws in your state …

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Does the SEC Regulate Cryptocurrency?

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As cryptocurrency continues to transform from an investment that was seen as purely speculative to becoming a common feature in balanced portfolios, governments worldwide are still divided on the best approach to regulating this emerging asset class. The US is yet to develop a clear regulatory framework designed to protect crypto investors and keep these digital assets in check. The …