Coinbase to unveil its Customer data to IRS

Coinbase to unveil its Customer data to IRS

Coinbase cryptocurrency exchange has issued notices to its 13,000 customers that it will report their data to the tax authority. The US Internal Revenue Service mandated the exchange to submit customer details for tax purposes. ‘Taxpayer ID, personal information, and historical transaction records’ was demanded after the IRS won a case claiming the exchange holds unreported capital gains.

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