W talks: cryptocurrency

Withers

Welcome to Withers' cryptocurrency podcast. Whether you are new to cryptocurrencies or a seasoned investor, if you are involved from a commercial or enterprise standpoint, and no matter where in the world you are based, this cryptocurrency podcast has something for you. In this series, members of Withers' global blockchain, cryptocurrency and decentralized finance team discuss key topics and questions right now related to cryptocurrency for both individual investors and enterprises. Cryptocurrency has taken the world by storm. The Covid-19 pandemic has led to an accelerated digital transformation and thus rising institutional and investor interest in digital currencies. The rapidly expanding market and related regulatory changes across the globe mean new and emerging considerations for individuals and businesses with interests in cryptocurrencies. Listen as Withers’ cryptocurrency lawyers in the US, Europe and Asia share insights to help listeners navigate their cryptocurrency-related questions during this exciting and evolving time.

Episodes

  1. Ep11. NFTs and digital-only fashion

    06/08/2021

    Ep11. NFTs and digital-only fashion

    We’ve talked about NFTs in previous episodes, including in episode 6 on NFTs and art and episode 7 on investing in NFTs from an Asia perspective.  This episode of the Withers talks: cryptocurrency podcast, ‘NFTs and digital-only fashion,’ focuses on the exciting area of NFTs and blockchain in the world of fashion.  In this episode, podcast host Charles Kolstad is joined by Gina Bibby, partner on Withers’ corporate team in Los Angeles and head of the law firm’s global fashion tech practice, to discuss how fashion-related NFTs started, continue to grow and shape the fashion industry and beyond, and what lies in the future for NFTs and digital-only fashion. Instagram celebrities and the gaming industry inspired the birth of digital-only fashion houses that design specifically for people and characters in the digital world, or metaverse, explains Gina.  These trailblazing fashion brands saw opportunity for customers to purchase digital-only garments for personal use in cyberspace, including for themselves and characters in gaming, and now it is a growing movement in the fashion space.  In 2019, the monetization of digital-only fashion went next level when a fashion house put a digital dress on the blockchain as an NFT instead of selling it direct to consumers.   Listen as Gina and Charles discuss how NFTs and blockchain in fashion offer appealing characteristics amid the priorities of sustainability and transparency in fashion and the impact of the Covid-19 pandemic on fashion. Gina explains the opportunities, as well as the issues and challenges, that digital-only fashion can create, and shares her view of the future of this space. We hope you enjoy the episode. You can read more on NFTs and digital-only fashion in Gina's recent article, 'NFTs: is art mimicking fashion?'

    26 min
  2. Ep9. US tax considerations for crypto investors and issuers

    05/11/2021

    Ep9. US tax considerations for crypto investors and issuers

    With the US tax deadline quickly approaching on May 17, 2021, tax issues are top of mind for many Americans, including for an increasing number of those who hold cryptocurrencies. Our ninth episode of the Withers talks: cryptocurrency podcast, ‘US tax considerations for crypto investors and issuers,’ focuses on the timely topic of the current tax landscape in the US for cryptocurrency as well as top tax considerations for crypto investors, issuers, day traders and miners.   In this episode, podcast host Charles Kolstad is joined by Elliot Galler, a partner on our international corporate tax team in Withers’ New York office, to discuss tax treatment, reporting requirements and enforcement related to crypto assets, including NFTs. What tax forms are relevant for taxpayers that own cryptocurrencies? Does the fact that you invest or trade cryptocurrencies on a non-US exchange change the US tax treatment? Are there special tax rules for miners and day traders? What are some of the gift and estate tax considerations? How is an issuer taxed in an ICO or SAFT?  Are NFTs considered “collectibles” and, if so, are they taxed at the higher capital gains rates?  Listen to the episode for the discussion on these topics and more. For questions and inquiries related to tax and cryptocurrencies, contact Charles, Elliot, or another attorney on the blockchain, cryptocurrency and decentralized finance team. We hope you enjoy the episode.

    19 min
  3. Ep6. How NFTs are shaking up the art and music world

    04/22/2021

    Ep6. How NFTs are shaking up the art and music world

    NFTs have fueled a boom in digital art, from established artists working in the new medium to athletes, influencers and others creating new collectibles that people are buying for millions of dollars, for example Twitter’s Jack Dorsey selling his first tweet ever as an NFT for over $2.9 million. In this episode of the Withers talks: cryptocurrency podcast, ‘How NFTs are shaking up the art and music world,’ podcast host Charles Kolstad is joined by Diana Wierbicki, head of our global art practice in Withers’ New York office, to discuss NFTs in art and music, including the buzz they are creating at the intersection of art and crypto and top considerations for individuals beginning to invest in them. As Diana introduces in her early comments, an NFT, or non-fungible token, is a digital certificate of ownership and it can hold creative work like a song or a digital work of art.  Artists sell digital work as NFTs to offer buyers a unique digital commodity that has been authenticated with blockchain technology. An investor holds the NFT in their digital wallet and experiences the digital art when they open it.  For people who are interested in buying or selling NFTs, what are the critical issues from a legal and regulatory perspective?  What are the risks, tax considerations and is there insurance?  What’s next in this space?  Listen as Diana dispels the confusion around NFTs and discusses with Charles the NFT excitement from both the artist and investor, or art collector, perspectives.    You can read more about NFTs on our webpage, Clarity in a changing art market: NFTs.

    14 min
  4. Ep5. The rise of decentralized finance (DeFi)

    04/07/2021

    Ep5. The rise of decentralized finance (DeFi)

    This episode of the Withers talks: cryptocurrency podcast is titled, ‘The rise of decentralized finance (DeFi).’  As with many areas of the broader economy in which suppliers are trying to get closer to consumers and cut out intermediaries and middlemen, DeFi disrupts centralized financial services by creating a market where financial transactions can take place directly between two parties, without requiring a central authority.  DeFi seeks to include all of the same activities of our current financial system, like borrowing, lending, trading and pledging, in a more efficient, transparent and accessible way while reducing risk.  And it continues to grow.   Podcast host Charles Kolstad is joined by Ridge Barker, chair of the corporate finance team in Withers’ Greenwich office, as well as Joe Bambara, CIPP/US, attorney/technologist and consultant to Withers, to discuss the ins and outs of DeFi within the cryptocurrency and digital asset space for experienced crypto investors and novices to DeFi alike.    How does DeFi differ from our current financial system? What are the products and components of the ecosystem, and who are the participants currently? What are the investment opportunities in DeFi? How are taxes affected by DeFi transactions? What are the regulatory and securities risks for developing DeFi products? Listen as Charles, Ridge and Joe discuss all things DeFi in our latest podcast episode.

    32 min

Ratings & Reviews

5
out of 5
4 Ratings

About

Welcome to Withers' cryptocurrency podcast. Whether you are new to cryptocurrencies or a seasoned investor, if you are involved from a commercial or enterprise standpoint, and no matter where in the world you are based, this cryptocurrency podcast has something for you. In this series, members of Withers' global blockchain, cryptocurrency and decentralized finance team discuss key topics and questions right now related to cryptocurrency for both individual investors and enterprises. Cryptocurrency has taken the world by storm. The Covid-19 pandemic has led to an accelerated digital transformation and thus rising institutional and investor interest in digital currencies. The rapidly expanding market and related regulatory changes across the globe mean new and emerging considerations for individuals and businesses with interests in cryptocurrencies. Listen as Withers’ cryptocurrency lawyers in the US, Europe and Asia share insights to help listeners navigate their cryptocurrency-related questions during this exciting and evolving time.