July 1 (Cointime) - Kraken, a top cryptocurrency exchange in the US, has been ordered by a US Magistrate Court to provide the personal information of its users to the Internal Revenue Service (IRS) as part of the agency's investigation of underreported tax. The court ruling would require Kraken to provide information on all accounts that traded at least $20,000 in cryptocurrencies between 2016 and 2020, including users' names, taxpayer identification numbers, phone numbers, emails, addresses, and other transactional information. While the court rejected the IRS demand for information on anti-money laundering investigations and other details in Kraken's due diligence questionnaires, the decision highlights the government's efforts to close all loopholes that could result in low taxes for crypto investors.