IRS Asks Major Crypto Exchange For Users’ Identities And Data
By EsqSocial Corporation 24/05/21
Earlier this month, the United States District Court, Northern District of California approved the Internal Revenue Service’s (IRS) request to execute a “John Doe” summons on the parent company of popular cryptocurrency exchange Kraken. The order demands the company turn over records of all U.S. citizens who used the exchange to conduct transactions totaling $20,000 or more from 2016 to 2020, and it is the latest in a line of unprecedented IRS efforts to identify and audit individuals who may be...
By: Roetzel & Andress