IRS obtains court order for Kraken to release user information in tax probe.
, which are already included in the transaction data available for sharing. The exchange may also be asked to provide raw data to the IRS.employment information and source of wealth from Kraken. The judge outrightly denied several of the IRS' requests.
In the judge's assessment of certain IRS requests, he stated that the Court needs to ascertain if the government's summons is appropriately focused, meaning it should not exceed what is necessary to accomplish its intended purpose.
Friday’s ruling siding with the government comes amid a deepening US crackdown on cryptocurrency. The Securities and Exchange Commission this month accusing Coinbase of running an illegal exchange and alleging that Binance.US mishandled customer funds, misled investors and regulators and broke securities rules.
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