The IRS Has Been Using Bitcoin Tracking Software Since 2015
CoinDesk covers CEI’s amicus brief filing in United States v. Coinbase.
The Internal Revenue Service is using bitcoin transaction tracing tools developed by startup Chainalysis, according to a new report.
As previously reported by CoinDesk, the IRS wants to obtain several years’ worth of data on customers of Coinbase.
The startup has pushed back against the IRS in federal court, ultimately forcing the tax agency to narrow its information request. In recent days, groups like the libertarian think-tank Competitive Enterprise Institute and the Washington-based nonprofit Coin Center have moved to oppose the effort in subsequent filings.
Read the full article at CoinDesk.