Crypto Exchange May Be Served With IRS Summons for User Records – Bloomberg Law


Cryptocurrency asset exchange Poloniex may be served with an IRS summons for records connected to an unnamed set of its users, a federal court ruled.

The U.S. District Court for the District of Massachusetts in a Thursday order granted a government petition for leave to serve a John Doe summons on Circle Internet Financial Inc., a payments technology company, as well as entities affiliated with it, which include Poloniex LLC. The records sought to pertain account holders with at least $20,000-worth of transactions in cryptocurrency in a single year between 2016 and 2020.

The records…



READ SOURCE

READ  Dr. bitcoin? Goldman says cryptocurrency's meteoric rise is tracking a key proxy for global growth - CNBC

LEAVE A REPLY

Please enter your comment!
Please enter your name here