On Monday, August 20, Doug Jones, attorney with McGinnis Lochridge, will give members of the Austin Blockchain Collective Community Meetup key insights about the tax and securities implications of initial coin offerings — ICOs — following recent decisions and activity from the U.S. Securities and Exchange Commission. The event starts at 7:00 p.m. at the Capital Factory.
In the presentation, Doug will focus on cryptocurrencies and the relatively new phenomenon of ICOs – a funding vehicle for blockchain projects, similar to initial public offerings, where investments are made in bitcoin or other cryptocurrencies.
Doug will discuss:
- IRS Enforcement Efforts
- Simple Agreement for Future Tokens (SAFT)
- Securities Law Basics – Types of Exemptions
“While ICOs may be a viable funding mechanism for future blockchain projects, it's an important part of your due diligence to fully understand what the tax and regulatory implications could be,” said Doug Jones. “We hope that by sharing these insights with the Austin blockchain community, we can provide a road map for how to proceed should you choose to fund projects in this way.”
For more information and to sign up for the event, please visit: https://secure.meetup.com/register/?ctx=ref.
This is the third blockchain/cryptocurrency presentation McGinnis Lochridge attorneys have given this year. In May, they spoke to the Austin Tech Alliance, and in June, to BLOQSpace, a blockchain education center in San Antonio. Their presentations can be found online here:
Cryptocurrencies Tax and Security Law Primer, Austin Tech Alliance Lunch & Learn, Capital Factory, Austin, Texas, May 9, 2018