BITCOIN & DIGITAL ASSET TAX
Tax law services for Bitcoin and digital asset businesses
Businesses that mine, hold, trade, or otherwise use digital assets can face tax questions tied to how they operate. The analysis may depend on the business model, the asset, the transaction, and how the activity is recorded and reported.
Outsiders Law has advised businesses in the Bitcoin space since 2018, including mining operations, Lightning Network operators, and Bitcoin ATM businesses. We advise on tax considerations connected to digital asset activities and transactions.
Who we advise
Our experience includes businesses involved in:
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Bitcoin mining
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Lightning Network operations
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Bitcoin ATMs
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Digital asset transactions and business arrangements
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Corporate structuring involving digital asset activities
The relevant tax questions vary by business and activity. We begin by understanding what the company does and how the assets move through its operations.
How we can help
Depending on your situation, we can help assess:
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Tax considerations connected to mining or other business activities
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Corporate structures for digital asset businesses
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The tax treatment of proposed transactions
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Business reorganizations involving digital asset activities
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Legal and tax issues that arise as the business expands or changes
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Questions to raise with your accountant about records and reporting
We can coordinate with accounting and other advisors to develop a clear picture of the business and the issues that need attention.
Why Outsiders?
Outsiders Law has advised businesses in the Bitcoin space since 2018, including mining operations, Lightning Network operators, and Bitcoin ATM businesses. We understand that useful advice starts with how the business actually operates and how digital assets fit into it.
We bring tax and business law experience to those questions, and can coordinate with your accountant and other advisors to help you assess the issues and plan your next steps.
Meet the Team
Sebastian Elawny
Lawyerpreneur
Before founding Outsiders Law, Sebastian was named as tax counsel on numerous publicly reported
Canadian transactions, including the $1.258 billion Gibson Energy sale, the Sinopec/Addax Petroleum
transaction, the $198 million Parex/Verano acquisition, and Shaw Communications’ public debt and preferred-
share offerings. He was recognized with a 2018 Client Choice Award for Corporate Tax in Alberta and
appeared in Lexpert’s 2015 Rising Stars winners list.
Pierce Quaghebeur
Tax Savings Strategist
Pierce is a tax and corporate lawyer at Outsiders Law who makes sure the deal a client signs is also the right deal at tax time. Before joining Outsiders, he spent five years in the corporate tax and private client services group of a large national law firm, advising private corporations and their owners on tax and succession planning and corporate governance. He began his legal career in Edmonton, where he articled and practiced tax and general corporate law.