Crypto advocates have worried for months about U.S. President Biden’s USD 1.2 trillion infrastructure bill, which includes tax and reporting requirements for transactions involving “digital assets” like cryptocurrencies and non-fungible tokens (NFTs).

The U.S. Congress passed the infrastructure package on November 5,2021. Baker McKenzie Switzerland’s Chris Murrer along with other prominent crypto lawyers and professors address the digital asset provisions such as the criminal components and questions about the constitutionality of the new requirements.

Find out more in the latest article on Quartz.

Author

Christopher Murrer is an associate in the International Tax and Wealth Management practice groups of Baker McKenzie Zurich. He joined the Firm after practicing for seven years as a domestic tax and estate planning attorney in New York and Washington, DC.