Court orders Coinbase to rat out customers to IRS gang

posted by
December 1, 2016
United Press International    
Posted in News

"The company Coinbase, the largest Bitcoin exchange in the United States, may be required to turn over customer data to the Internal Revenue Service because the agency is concerned the cryptocurrency is being used to avoid paying taxes. A federal judge in San Francisco granted a request by the IRS and U.S. Department of Justice to issue a 'John Doe' summons that would require Coinbase to identify users in the U.S. who made transactions on the service between 2012 and 2015, based on at least three previous cases showing Bitcoin could be used to evade federal taxation." (12/01/16)  

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