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November 29, 2017 11:56 pm GMT
Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing. On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/I4fKG7DACXo/
Coinbase ordered to give the IRS data on users trading more than $20,000
Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing. On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/I4fKG7DACXo/
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