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The IRS is Taking Action to Uncover Identities of This Crypto Exchange's Customers

According to the Internal Revenue Service (IRS), the American tax authority, Kraken, the giant crypto exchange, failed to provide requested information regarding its US customers who conducted crypto transactions worth $20,000 or more between 2016 and 2020.

The major exchange has allegedly been ignoring the IRS investigation summons. According to Law360,

"Cryptocurrency exchange Kraken Inc. hasn't complied with a court-approved IRS summons seeking records on customer identities and transactions and should be forced to furnish the records."

(By Sead Fadilpašić)

IRS Kraken
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