Court Orders Coinbase To Turn User Data Over To Irs
Just because a currency is digital doesn’t mean it can’t be taxed. And the Internal Revenue Service is looking for cryptocurrency buyers and sellers come tax time. A federal court in California has ordered one virtual currency exchange, Coinbase, to hand over identifying records for almost 10,000 users who bought, sold, sent, or received more than $20,000 of digital currency through their accounts. And those users will likely need to pay taxes on those transactions....