Targeting Bitcoin Users

On November 28, a federal judge ordered Coinbase, a company that facilitates transactions in crypto-currencies like Bitcoin, to comply with an IRS summons to identify more than 14,000 user accounts.

The decision is a victory of sorts for Coinbase, because the IRS originally demanded that the exchange turn over data on more than 1 million accounts. Now, the IRS only seeks user information on accounts that conducted Bitcoin transactions worth $20,000 or more.

It’s certainly understandable why t...

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Published on January 02, 2018 20:01
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Llewellyn H. Rockwell Jr.'s Blog

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