A federal judge in San FranCisco has ordered for Coinbase to relinquish information on users who have spent more than $20,000 in annual transactions, says Tech Crunch.
This request came after tax returns that claimed gain from digital currencies that weren’t quite adding up. Coinbase pushed back with a partial victory offering the IRS transactions from those who traded more than $20,000 from 2013-2015. The IRS also asked for nine categories of user data but after a ruling in court were only successful with the users name, date of birth, address and tax payer ID.
Coinbase says, this filters to more than 10,000 user information that has to be handed over to the IRS.
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