Individuals and businesses face a wide range of compliance issues related to bitcoin and other cryptocurrencies. The most significant of these are the reporting requirements imposed under federal anti-money laundering statutes. Failure to comply with these reporting requirements can result in severe civil penalties and even criminal prosecution. Unfortunately, many individuals and businesses are unaware of these requirements. However, ignorance is no excuse under the law and the federal government is not lenient to those who fail to comply with these requirements. If you are unsure of your reporting requirements, contact my office today for a free consultation. We assist individuals and businesses all over the country with compliance matters. We can help you no matter where you live.