Cryptocurrencies: Advising Businesses and Individuals (Virginia Approved for 2 CLE Credits)

In 2018, about 7.95% of Americans owned cryptocurrency, in 2019, that percentage rose to 14.4%. In 2021, studies found that nearly one quarter of Americans own cryptocurrency. Cryptocurrency is on pace to be adopted faster than the internet. While that may be exciting to many, the minimal regulation and legislation in the area leaves clients exposed in numerous areas. David and Patrick are founding members of the Capital Crypto Law Center. In their presentation, they will provide the necessary background to understand the technology and provide a wide survey of legal issues one can expect to hear when talking to clients. We will cover topics ranging from taxation, corporate formation, NFT considerations and signs of scams that you need to advise your client to avoid. There is one handout for this course. Please request via email to alexbar@alexandriabarva.org Accreditation of this program is approved through October 31, 2023.