a. Whether they are treated similarly to mining rewards, interest, or other tax treatment

b. Tax treatment of the initial collateral “investment”​

a. Whether masternode owners may be responsible for criminal activities connected with transactions they facilitate

b. If so, under what circumstances

c. Whether participation in “mixing” services might give rise to criminal liability

d. If so, under what circumstances​

a. Whether an exchange might be held liable for criminal activity associated with PrivateSend transactions​

1492.51 Dash ($17,971 USD @ $12.041 per Dash based on August 29th average rate at https://bitinfocharts.com/comparison/price-dash.html)

5.00 Dash reimbursement for the proposal cost

This is a cross-post from www.dashcentral.org/p/legal-201609 This proposal requests funding a defined set of legal questions we feel is critical to address as we seek to expand the Dash ecosystem and make Dash more accessible to investors. Last month, we submitted a proposal to donate the remaining budget to the Dash Foundation to provide funding for legal support. The proposal technically passed with 11% net votes, but was not funded in the finalized budget (most likely because the command to finalize the budget was run prior to 24 hours before the superblock, by which time the 11% support was achieved).Knowing support exists to fund these legal costs, we have proceeded to obtain formal quotes for portions of the work. The first set of question we would like to address consists of the following questions on masternode investing and liabilities:1) Legal opinion on the treatment of masternode block rewards under the Internal Revenue Code2) Liability of masternode owners for the transactions they facilitate3) Liability of exchanges that support Dash transactions and guidelines on meeting existing complianceWe are aware of several major exchanges and / or investors for which Dash’s enhanced privacy features are a concern, particularly as we seek to integrate with platforms that service institutional investors. We believe that addressing these specific legal questions – by offering a formal legal opinion from a reputable firm known within the digital currency industry – would enable us to overcome these barriers. We also believe the act of resolving these legal questions for our ecosystem and potential partners would continue to signal to the market the level of professionalism and seriousness of Dash.The initial work would focus primarily on the applicable laws and regulations in the United States for three reasons. First, regulation concerns are the most acute among potential partners in the United States. Second, other countries frequently follow the precedence set by U.S. law when forming their own regulations. Third, the U.S. is a large share of the market that we can address with a single set of opinions.We have selected a firm to conduct the work, one whose reputation is particularly strong in the digital currency industry. Pillsbury Winthrop Shaw Pittman, LLP (Pillsbury) is one of the leading law firms in the space and has a dedicated “Digital Currency and Blockchain Technology” practice. They have been advising companies on these topics since 2012, when the law surrounding the technology was in its infancy. They have also been a key player in shaping regulation, and are frequently called on by federal and state regulators for legal analysis and opinions. The practice covers a wide range of specialized legal areas including federal and state money service laws, tax treatment, privacy, data security, public policy, and a variety of other specialized areas.Marco Santori will be leading the effort. Mr. Santori is a partner in Pillsbury’s New York office, and leads the Digital Currency and Blockchain Technology practice. Marco is widely recognized within the Bitcoin business community and is a frequent sponsor and presenter at Bitcoin conferences including the last Latin American Bitcoin Conference last November, and The North American Bitcoin Conference in Miami in January. Mr. Santori’s full bio can be found here: http://www.pillsburylaw.com/marco-santori The cost of the above scope of work is estimated to total $35,000 to $45,000. Once initiated, it will take 6-8 weeks to complete. An initial retainer of $20,000 is needed to start work, and the remaining funding can be completed next month. This proposal seeks the likely remaining balance after forecasted-to-pass community proposals now on the system are taken into account. Therefore, the funding will be a bit shy of the $20,000 needed to start work, but with some price appreciation or even a small amount next month, we should be able to initiate work within the next five weeks.Dash would only need to appreciate about ½ of one US cent to offset the dilution of $40,000 of coins, and we think the potential impact of addressing large investor and exchange concerns could be large. For these reasons, we believe this expense will be very worthwhile.Note: Any unused budget will be applied toward other legal expensesdash-cli mnbudget vote-many 11a29ec81d9fc607a12c60b1147087adcde00795b60e91b0da705119760d7beb yesOR from the qt console:mnbudget vote-many 11a29ec81d9fc607a12c60b1147087adcde00795b60e91b0da705119760d7beb yesdash-cli mnbudget vote-many 11a29ec81d9fc607a12c60b1147087adcde00795b60e91b0da705119760d7beb noOR from the qt console:mnbudget vote-many 11a29ec81d9fc607a12c60b1147087adcde00795b60e91b0da705119760d7beb no