Coinbase ordered to give the IRS data on users trading more than $20,000

MoneyTec Forums Fundamental Analysis Coinbase ordered to give the IRS data on users trading more than $20,000

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    profitmaniak
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    Not exactly much is required to be said about Coinbase, as it is one of the biggest market place for Bitcoin, Ethereum and Litecoin. With having easy and straight forward transaction and storage in 190 countries, it’s one of the most popular stations.

    Now, on the latest news, that 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. It will be interesting how much impact it might have on Bitcoin!

    Check out the article here https://techcrunch.com/2017/11/29/coinbase-internal-revenue-service-taxation/

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