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Coinbase ordered to report 14,355 users to the IRS

Accepted submission by Anonymous Coward at 2017-12-02 22:39:42

The Verge reports []

[On November 29], Coinbase suffered a major defeat at the hands of the Internal Revenue Service, nearly a year after the case was initially filed []. A California federal court has ordered Coinbase to turn over identifying records for all users who have bought, sold, sent, or received more than $20,000 through their accounts in a single year between 2013 and 2015. Coinbase estimates that 14,355 users meet the government’s requirements.

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