Coinbase likely to lose fight to block IRS customer probe
Payments Source
NOVEMBER 10, 2017
Coinbase Inc. customers who haven’t reported their cryptocurrency gains to the Internal Revenue Service, beware.
Bitcoin Blocks IRS 
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IRS Asks Court To Dismiss Motion To Block It From Accessing Coinbase Data
PYMNTS
DECEMBER 29, 2016
The Internal Revenue Service has asked a court to dismiss a motion filed by a Coinbase user who wants the court to block the IRS from accessing transaction data. According to a report by Forbes , the IRS, in a motion filed on Tuesday (Dec. According to a report by Forbes , the IRS, in a motion filed on Tuesday (Dec.
Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto
PYMNTS
OCTOBER 14, 2019
The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form. And Block Matrix , which created an app that allows users to send bitcoin through their social media accounts, has secured a $2 million investment for the development of a new app for the retail sector.
Bitcoin Daily: SEC Freezes Crypto Firm?s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA
PYMNTS
JUNE 8, 2020
government, The Block reported. Drug Enforcement Association (DEA) and Internal Revenue Service (IRS) looking to buy the license, according to documents seen by The Block. The purchase, according to the IRS document, would be useful to help keep ahead of crimes related to cryptocurrency and digital banking.
Bitcoin Tracker: Smooth(ish) Sailing?
PYMNTS
JANUARY 20, 2017
However, recently the People’s Bank of China pointed to irregularities in the operations of bitcoin exchanges BTCC, Huobi and OKCoin as the cause of the recent rollercoaster ride in bitcoin’s price, said Reuters. The developments are still ongoing, so PYMNTS’ Bitcoin Tracker will keep watch for new details in the coming weeks.
Lawmakers Propose Bill To ‘Keep Big Tech Out Of Finance’
PYMNTS
JULY 14, 2019
House of Representatives Financial Services Committee, The Block reported. Talk of new bitcoin rules started surfacing earlier in July with the Internal Revenue Service’s announcement that it is planning updates to its 2014 guidance on cryptocurrencies, reports indicate.
The Top Payment Methods For Small Businesses
Stax
APRIL 10, 2025
Each digital currency is created through a process called “mining” where powerful computers generate blocks of code that represent the currency to be stored on a public ledger called a blockchain. Digital currencies are instead based on a decentralized system and no single entity controls their supply.
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