Sentences with phrase «coinbase user records»

The IRS has gone to court seeking Coinbase user records, after only 802 U.S. taxpayers reported Bitcoin profits on their tax returns in 2015.

Not exact matches

A US federal judge in San Francisco has ruled that Coinbase must give the Internal Revenue Service (IRS) records on users who had more than $ 20,000 in annual transactions on the platform between 2013 and 2015.

Coinbase exchange has reported a record new user registration of 300000 in between 22nd and 26th November as per Bloomberg.

Originally, the IRS wanted complete user profiles, know - your - customer due diligence, documents regarding third - party access, transaction logs, records of payments processed, correspondence between Coinbase and Coinbase users, account or invoice statements, records of payments, and exception records, according to a court filing.

In December 2016, the IRS demanded records on all of Coinbase's users who were active between 2013 and 2015 seeking to sniff out likely tax evaders.

On Wednesday, a federal judge authorized a summons requiring Coinbase, America's largest Bitcoin service, to provide the IRS with the records of every user who traded on the site between 2014 and 2015.

The IRS missed the point when it audited the cryptocurrency exchange Coinbase, demanding personal information and transaction records for around 500,000 users.

With Coinbase's record profits this year (SAMBURAJ PLEASE LINK TO INTERNAL STORY) of more than 1 billion USD, it would come as no surprise if the IRS auditors have their sights set on Coinbase and its users.

The IRS has already pursued the Coinbase records of half a million users to check up on taxpayers, though an ensuing legal battle cut that number to 14,000.

In a Northern District of California Federal Court, Coinbase lost a court battle with the IRS which forced the company to disclose identifying records of all users who received more than $ 20,000 in a single year between 2013 and 2015.

hotforsecurity.bitdefender.com - Following a court battle with the IRS, online cryptocurrency exchange Coinbase will provide the records of 13,000 users to the tax collection agency, the company announced on Feb 23.

Bloomberg reported that Coinbase Inc. registered a record increase on its user base: 100,000 new customers in 24 hours.

Earlier this year, the IRS issued a court order requesting access to the records of more than 500,000 users who traded cryptocurrencies on California - based digital exchange Coinbase.