florida attorney who can help with cryptocurrency

What does a cryptocurrency lawyer do?

Now is the time to act by calling (407) 901-5852 and connecting with the Law Offices of Horwitz & Citro, P.A. and our Orlando, Florida, cryptocurrency lawyers. Why choose to work with our federal crime defense lawyers? We are headquartered in Florida but can represent you anywhere in …

Where can I get a cryptocurrency or Bitcoin lawyer?

Davis Law Firm has been representing companies and individuals with legal issues related to cryptocurrency and bitcoin since 2017. If you have legal issues related to this new asset space, call the bitcoin lawyers at Davis Law Firm. We represent clients with an array of cryptocurrency legal issues, including: Disputes with Cryptocurrency Exchanges

Which cryptocurrencies are the best?

Agustin M. Barbara, Esq. Managing Partner. Agustin M. Barbara is a managing partner at The Crypto Lawyers and actively assists the firm in handling a wide range of cryptocurrency and blockchain related matters and disputes, including issues with leading cryptocurrency exchanges such as deposit and withdrawal restrictions, account suspensions and terminations, …

What can a bitcoin lawyer do for You?

David Chico Law Goup 607 Celebration Avenue Celebration, FL 34747 Phone: (407) 933-7703 Fax: (407) 933-7713 David Chico Law Goup 271 N. Pennsylvania Ave. Winter Park , FL 32789

Can you sue a Cryptocurrency exchange?

The general answer is yes, a cryptocurrency exchange can be sued. In doing so, an initial step is determining the proper claims against the exchange. Equally important is determining in what forum or jurisdiction the exchange can be sued.Aug 30, 2021

Is crypto illegal in Florida?

In 2014, the IRS issued a six-page notice on virtual currency that concluded that cryptocurrency is property, not legal tender, and would be treated as such under the country's tax law.Aug 31, 2021

Is crypto taxable in Florida?

This means you pay cryptocurrency taxes as if you sold some sort of capital. ... Short-term gains are taxed at the same rate as your typical income, including wages, salaries, and commissions. This means that depending on your total net income, you may owe anywhere from 10% to 37% of your total income.Oct 4, 2021

Can lawyers accept cryptocurrency?

Bitcoins are digital currency, and yes, lawyers are beginning to accept them from clients. They are also known as virtual currency or cryptocurrency since cryptography is used to control Bitcoin creation and transfer. They use peer-to-peer technology with no central authority or banks.

Can you buy a house in Florida with Bitcoin?

Using Bitcoin, Ethereum and Cryptocurrency to Purchase or Sell Real Estate in Florida. ... As this type of transaction becomes a more popular and accepted option for homebuyers and sellers, those who wish to use cryptocurrency will require unique services to complete their real estate transactions.Nov 4, 2021

Is it illegal to buy Bitcoin in Florida?

Bitcoin & Cryptocurrency Trading in Florida House Bill 1379 in Florida defines cryptos and prohibits laundering of virtual currency. Thanks to tough legal requirements, selling Bitcoin in the state requires a Money Services license in addition to the maintenance of an anti-money laundering program.Dec 10, 2021

How do I pay taxes on cryptocurrency?

If you're holding crypto, there's no immediate gain or loss, so the crypto is not taxed. Tax is only incurred when you sell the asset, and you subsequently receive either cash or units of another cryptocurrency: At this point, you have “realized” the gains, and you have a taxable event.

What is the capital gains tax in Florida?

The State of Florida does not have an income tax for individuals, and therefore, no capital gains tax for individuals.

How are crypto taxes calculated?

Estimating your crypto taxes for gains and losses takes just three stepsFind out how much you made selling crypto. To find your total profits, multiply the sale price of your crypto by how much of the coin you sold: ... Figure out whether you have a short-term or long-term gain. ... Estimate your taxes.

Is it ethical to trade cryptocurrency?

The answer here is no, and that is why investing in Bitcoin is not ethical enough for some people. The fact that Bitcoin miners are forever chasing faster, more powerful, and more efficient computer rigs that allow them to make higher profits from mining also needs to be considered.

Is it legal to accept Bitcoin payments?

The IRS considers cryptocurrency to be “property” for tax purposes. This means that if you accept cryptocurrency, you must report it as gross income based on its fair market value when it was received. ... You may consider accepting cryptocurrency for items over a certain dollar value, rather than for daily sales.Sep 24, 2021

Are Cryptocurrencies ethical?

At best, crypto is ethically questionable. At worst, it could be environmentally toxic, exploitative, fostering criminal activity and thriving on ignorance and greed. Ethical investors take note.Oct 12, 2021

What is cryptocurrency in banking?

In basic terms, a cryptocurrency is a currency created, traded, and regulated solely in digital space and encrypted to prevent fraud.

Can cryptocurrencies be taxed?

Using cryptocurrency transactions to earn world currencies and then storing those in hidden bank accounts could bring federal attention, investigations, and fraud charges. Tax crimes: The American government has labeled cryptocurrencies as property, so they can be taxed.

Cryptocurrency Lawyers

The Crypto Lawyers’ value proposition is simple: We are a team of U.S. qualified lawyers dedicated to helping developers, investors, and organizations navigate the legal intricacies of cryptocurrency and blockchain technology.

Rafael Yakobi, Esq. Managing Attorney

In the last four years of practicing exclusively in the cryptocurrency space, Rafael has done extensive regulatory work at the state and federal levels, including both collaborative and adverse interactions with the United States Securities and Exchange Commission, the Financial Crimes Enforcement Network (FinCEN), and countless state regulators.

Agustin M. Barbara, Esq. Of-Counsel

Agustin M. Barbara is Of-Counsel to The Crypto Lawyers and actively assists the firm in handling a wide range of cryptocurrency and blockchain related matters and disputes, including issues with leading cryptocurrency exchanges such as deposit and withdrawal restrictions, account suspensions and terminations, chargebacks, and frozen assets.

Philip Pentaliotis Of-Counsel

Phillip has vast experience with clients internationally, assisting in setting up a host of European and International legal departments and fundamental in the creation and running of fully licensed international businesses and funds.

Michael A. Mahr Jr., (JD, 2021) Law Clerk

Michael A. Mahr Jr. is a third-year law student at the University at Buffalo School of Law, class of 2021. During the fall of 2019, Michael completed the New York City Program in Finance and Law, and held an externship with New York City Council Member Ben Kallos.

How much is capital gains tax on cryptocurrency?

If you are a single filer who earns more than that, the capital gains tax rate is twenty percent. If, however, you owned the cryptocurrency for less than 12 months, you will only owe standard income taxes and not capital gains taxes. A profit of any amount must be reported.

What happens if you don't report virtual currency?

You are required to comply with tax laws. If you don’t report virtual currency transactions correctly and timely, you may be subject to reporting penalties. If you can show that underpayment or failure to file information properly is due to reasonable cause, penalty relief might be available.

Is virtual currency considered property?

1. Considered Property. For federal tax purposes, cryptocurrencies are treated as property . Transactions with virtual currency are treated the same way as property transactions, and those general tax principles apply. If you are paid via virtual currency for goods or services, you must include the fair market value of that currency ...

Is the IRS changing the rules on cryptocurrency?

The tax rules related to cryptocurrency can be very complicated, and the regulations are constantly changing. If you log on to the IRS.gov website, you will find a new revenue ruling that examines some common questions from taxpayers and tax preparers regarding the treatment of cryptocurrency. If you’ve already accessed the IRS website and you still feel confused, don’t panic. Just call an experienced tax law firm in Sarasota that understands the rapidly changing rules on cryptocurrencies.

Is cryptocurrency a virtual currency?

Cryptocurrency is a virtual currency that is digitalized, encrypted, and decentralized. There is no central authority responsible for managing cryptocurrency like there is for the U.S. dollar. Cryptocurrency can be used to purchase goods and services and is sometimes held as an investment.

What is cryptocurrency in banking?

Cryptocurrency (also referred to as virtual currency and digital currency) - a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In simple terms, cryptocurrency is electronic money that is not issued or backed by a government or central bank.

What is a crypto wallet?

Cryptocurrency Wallet (also referred to as a digital wallet) - a software program that stores private and public cryptocurrency keys. Cryptocurrency wallets also enable users to send and receive virtual currency. Blockchain - An online ledger containing records of every cryptocurrency transaction.

When was the Palace of Fine Arts built?

The Palace of Fine Arts was initially built for the Pan-Pacific Exposition in the 1930s, heralding San Francisco's rebirth after the 1906 earthquake. A few short miles from downtown San Francisco, horses roam in the fields of Marin County, California.

What is the most popular cryptocurrency?

Bitcoin - the most popular cryptocurrency on the virtual currency market. Bitcoins have an equivalent value in other currencies, such as the U.S. Dollar, and can be exchanged for U.S. dollars. Alt-coin - Any cryptocurrency alternative to Bitcoin.

Where is the public key stored?

The public key is listed on purchase transactions, or blockchains, and the private key is stored in a cryptocurrency wallet and should be kept secret.

What is a public key?

Public Key - A published key, or an encrypted sequence of 64 letters and numbers, that can be used to send a secure message (or cryptocurrency) to a receiver. The public and private key are both needed to unlock or transfer the cryptocurrency from one user to another.

What is a private key?

Private Key - A secret key, or sequence of 64 letters and numbers, that is used to decrypt messages encrypted by a public key. The public and private key are both needed to unlock or transfer the cryptocurrency from one user to another.

Why is Bitcoin the most popular cryptocurrency?

Bitcoin is the most well known of the cryptocurrencies because it was the first modern cryptocurrency to be developed and because it was the first to make use of blockchain as a technology. However, it is far from the only cryptocurrency. Others include:

Why do crypto currencies have value?

The currencies get their value because of their scarcity, just as any monetary system obtains value. If you could print unlimited dollars or produce unlimited Bitcoins, they would have no worth.

What is blockchain technology?

Blockchain is an unchangeable, immutable, irreversible record of historical transactions that took place. Transactions can only be added to the blockchain if confirmed by all of the entities in the decentralized network.

Is Bitcoin a financial product?

Bitcoin and cryptocurrencies have become the biggest financial products for 2018, generating ample headlines and turning average people into millionaires – at least for brief moments until their investments in these volatile currencies comes tumbling down — as our Bitcoin attorneys and cryptocurrency lawyers know all too well.