Kraken, one of the largest cryptocurrency exchanges, will deliver some user information to the US Tax Office (IRS) next month.
According to the information provided by The Block, the exchange told its users who will be affected by the incident, “Kraken plans to share this information within the scope of the court decision at the beginning of November 2023.” He sent an e-mail saying:
The legal wrangling between the IRS and Kraken began in 2021. The IRS issued a John Doe subpoena to Kraken to identify tax-evading cryptocurrency users.
Claiming that Kraken did not comply with this request, the IRS applied to the court this February to deliver the documents. In June, the court ordered Kraken to hand over user information to the IRS.
According to the decision taken, Kraken Any year between 2016-2020 value in exceeding $20,000 customers who have made transactions profile information And transaction histories Will forward it to the IRS.
The Tax Office will thus be able to access users’ names, dates of birth, tax identification numbers, addresses, telephone numbers, e-mail addresses and transaction histories.
In addition, the IRS IP addresses, work history, sources of income, wealth And banking information He also demanded that it be delivered.
However, according to the statement, Kraken has not disclosed both the number of users affected by this situation and the scope of their information. “significant reduction” He managed to convince the court.
IRS in advance 59,331 Kraken users When you want to get information about this number to 42,017 was dropped.