Tag: law

Top 3 Artificial Intelligence Use Cases in the Legal Department

Artificial intelligence will have a big impact on virtually every business model and job opportunity one can think of. The legal sector, for example, could benefit tremendously from embracing AI in the future. Although this may cost some jobs along the way, the innovative opportunities should not be overlooked by any means. 3. Document Review Anyone who has ever dealt with the legal system will have noticed there is a …
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5 Crazy Laws Passed to Fight Cryptocurrency

The legality of Bitcoin has been a topic of substantial debate and will continue to spark discussions for many more years to come. Several countries have taken an official stance against Bitcoin, which makes using cryptocurrency somewhat troublesome. Although not all of these laws have come to pass, some intriguing proposals have been drafted in recent years. #5 Iceland Iceland is a bit of an odd creature when it comes to …
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Israeli Government Will Charge Taxes To All Profitable Cryptocurrency Activities

The devoted community of cryptocurrency enthusiasts will now have a good perspective on what bitcoin-related laws will apply in the country. Israeli tax authorities issued a document establishing that cryptocurrencies cannot be considered as financial bonds nor as legal tender payment methods, but are in fact taxable assets – just like in the US. The legal situation of Bitcoin has always been the cause of concern in some countries around the world. …
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Judge Approves IRS Tax Information Request to Coinbase

On November 20, the American IRS (Internal Revenue Service) submitted a request to Bitcoin startup, Coinbase. The document demanded detailed financial and personal information on all of the platform’s users. Now, the judge assigned to the case has ruled in favor of the government agency. The Internal Revenue Service has a judge’s green-light to serve Coinbase, one of the biggest Bitcoin startups, with a summons for detailed information about its users. Judge Jacqueline …
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