This document outlines an agreement for the private buy and sell of 40,000 Bitcoin between a seller and buyer. Have you used cryptocurrency?Then you should understand tax implications. Below is a summary of what each state has done to regulate cryptocurrency and blockchain technology using its own authorities. Investing in crypto can be lucrative. Use our cryptocurrency purchase agreement to outline your contract with a crypto broker and simplify the process. A contract consists of a legally binding agreement or promise between parties. This handy guide will give you a complete statebystate breakdown of cryptocurrency sales and use tax laws and regulations. Coinbase and then deposit designated crypto assets into these accounts or purchase the designated crypto assets from Coinbase's platform. 46. While many states regulate virtual currency under existing money transmitter rules, specific cryptocurrency laws and regulations vary statebystate.