The IRS provided some much-needed guidance on protocol changes to blockchain. Our International Tax Group breaks it down.
- What the forking wallet?
- Two scenarios for hard forks
- What about airdrops?
Read the full advisory here.
By Daniel Reach, Blake Estes and April McLeod
Danny Reach is an associate in the Federal and International Tax Group. His practice includes federal and international tax planning, and he has particular experience with the tax aspects of derivative financial instruments.
Blake Estes is a member of the Financial Services & Products Group in Alston & Bird’s New York office. Blake centers his practice on derivatives, structured products, and financial technology (FinTech) projects.
April counsels her clients through the labyrinth of federal and international tax laws.