28 Nov '16, 7pm

IRS Casts Unusually Wide Net for Bitcoin User Data

IRS Casts Unusually Wide Net for Bitcoin User Data

IRS Casts Unusually Wide Net for Bitcoin User Data By Lalita Clozel November 28, 2016 Twitter LinkedIn Facebook Google + Email Comments Print Reprints "The IRS has a habit of spreading out its compliance activities across all levels of income," says one lawyer. "If you applied that theory to what's going on here, you're likely to see the small trader as well as the large trader be caught somewhere along this system." IMAGE: Bloomberg News RELATED Watchdog Urges IRS to Strengthen Digital Currency Policy Are Trust Charters the Key to Simplifying Fintech Regulation? A Blockchain Core Would Be Just as Complex as a Legacy System Trump's Treasury Secretary: The Short List Wells Fargo's Gift to Late Night Eight Times Stumpf Was Hammered by Senators WASHINGTON – A request by the IRS for user data from a bitcoin exchange highlights simmering tensions between compliance and customer...

Full article: http://www.americanbanker.com/news/law-regulation/irs-cas...

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