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Kraken to Share Data on Tens of Thousands of Users with IRS in Compliance with Court Order

Crypto exchange Kraken has announced that it will share data on tens of thousands of its users with the Internal Revenue Service (IRS) in compliance with a court order. The company will share information regarding cryptocurrency transactions above $20,000 made by Kraken customers between 2016 and 2020. The exchange is framing the matter as a victory for privacy advocates, as it fought the summons, which sought intrusive and unnecessary information about U.S. clients. Kraken plans to share the user information in early November.

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