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Thursday

22 April 2021

US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex – Regulation Bitcoin News

US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex – Regulation Bitcoin News


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The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms.

Poloniex is named in the order since Circle bought the crypto exchange platform in 2018 but spun out the following year into a new company, Polo Digital Assets Ltd.

taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency during the years 2016 to 2020.” The Justice Department elaborated that “the IRS is requesting that Circle produce records identifying the U.S.

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