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Court orders Kraken to provide information on user transactions to the IRS A court in northern California has ordered Kraken to provide information on users who traded more than $20,000 between 2016 and 2020 to the IRS. 23416 Total views News Kraken has been ordered to provide information on its users who conducted the equivalent of $20,000 in crypto transactions in any one year, between 2016 and 2020, to the United States Internal Revenue Service. A federal court in northern California authorized the IRS to serve a “John Doe summons” on Kraken Wednesday. The exchange is not al...

By Syndicated Content May 5, 2021 | 6:42 PM (Reuters) – A federal court in the United States has authorized the Internal Revenue Service (IRS) to serve a “John Doe Summons” on the crypto exchange Kraken, seeking identities of U.S. taxpayers who have used cryptocurrency, the Department of Justice said on Wednesday. The IRS is seeking information about taxpayers who conducted at least $20,000 worth of transactions in cryptocurrency from 2016 to 2020, the DOJ said in a statement. “Those who transact with cryptocurrency must meet their tax obligations like any other taxpayer�...