The lack of guidance from the IRS makes it a daunting task.

As the IRS steps up its scrutiny of virtual currency, reporting the transactions correctly is essential.

Given the steep rise in the price and use of virtual currencies, expect clients to have questions.

A growing chorus of firms such as Fidelity, Citigroup and Goldman Sachs have announced plans for a variety of services around cryptocurrency trading.

The SEC, wary of bringing crypto to the masses, postponed a decision last week from VanEck and SolidX and rejected a proposal from the Winklevoss twins.

Part of the problem stems from how slow regulators have been to define their views of virtual currencies.

The SEC called into question the ability of the cryptocurrency’s exchanges to sufficiently police trading.

Shannon Saccocia has learned a thing or two about how to prepare. The first female CIO of Boston Private also discusses how financial advisors can remain relevant amid the ongoing shift to passive investing.

The CFA Institute is adding the topics to its Level I and II curriculums for the first time next year.

Although the rules have become more lenient, high-income clients must not be complacent.