A U.S. federal court has ordered Kraken to provide user account and transaction data to the IRS as part of a tax investigation.
  • tracyspcyOPM
    4·
    1 year ago

    tldr

    • Kraken ordered by court to disclose user data for IRS tax compliance.
    • Court order requires disclosure of all users who have traded over $20K worth of cryptocurrency since December 2016.
    • Kraken must provide detailed transaction history, user profiles, and other identifying information.
    • Company plans to oppose ruling, citing concerns about customer privacy and government overreach.
    • Case highlights ongoing debate around regulation and taxation of crypto transactions.