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News Explorer — Kraken Ordered by Court to Provide Account, Transaction Info to IRS

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Jun 30, 9:29 pm

Coindesk

Kraken Ordered by Court to Provide Account, Transaction Info to IRS

A federal court has ordered crypto exchange Kraken to provide account and transaction information to the IRS for tax compliance purposes. The IRS had filed a court petition after Kraken settled charges with the SEC for violating securities law. Kraken must now disclose user information for those who transacted with more than $20,000 in crypto between 2016 and 2020.

A federal court has ordered crypto exchange Kraken to provide account and transaction information to the IRS for tax compliance purposes. The IRS had filed a court petition after Kraken settled charges with the SEC for violating securities law. Kraken must now disclose user information for those who transacted with more than $20,000 in crypto between 2016 and 2020.

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