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Bitcoin Anonymity Over? United States Government Seeks Identity, Transaction Records of Coinbase Users

Posted on November 18, 2016 by Dissent

Well, this might be a game-changer for some if the government prevails. Joël Valenzuela reports:

The U.S. government is seeking the identity of Coinbase users for tax purposes, sparking fears that Bitcoin’s anonymity may be compromised.

According to a legal summons filed in the Northern California District Court, the U.S. Internal Revenue Service (IRS) seeks to identify several Coinbase users and their financial activity, based on evidence that they may have violated U.S. tax laws:

Read more on Cointelegraph.

Related posts:

  • NYS DFS Announces $100 Million Settlement with Coinbase; Investigation Found Significant Failings in their Compliance Program
  • U.S. Attorney Announces Historic $3.36 Billion Cryptocurrency Seizure And Conviction In Connection With Silk Road Dark Web Fraud
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