Kraken Ordered to Hand Over User Information to IRS
A federal court yesterday ordered the crypto exchange to provide names, physical addresses, and social security numbers.
A federal court yesterday ordered the crypto exchange to provide names, physical addresses, and social security numbers.
Kraken’s issues with US government agencies continue.
A US Magistrate Court has ordered Kraken to provide the personal information of its users to the Internal Revenue Service (IRS) as part of the agency’s investigation of underreported tax.
Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.
Slovakian lawmakers have passed legislation to regulate and reduce the tax rate on cryptocurrency income.
Slovakia’s recent legislation has been passed to regulate and tax cryptocurrency income at a reduced rate. Under the new law, crypto income from assets held for over a year will…
Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS).
A federal court ordered crypto exchange Kraken to turn over account and transaction information to the IRS, which said it needed that information to see if any of the exchange’s…
Recently, President Biden said that he will work to make the tax system fair: rules, taxes and eliminating ‘loopholes’ for crypto traders.
Lawmakers wanted to see a 7% rate for crypto held longer than a year