US Tax Office Pleased With Cryptocurrency Revenues!

In the 2021 Criminal Investigation Report published by the US Internal Revenue Service (IRS), which is responsible for collecting taxes in the USA, it was revealed that the IRS seized $ 3.5 billion in crypto money during the year.

In the announced report, it was seen that the value of the seized cryptocurrencies constituted approximately 93% of the tax revenues collected in the 2021 fiscal year.

An IRS official said that billions of dollars worth of cryptocurrencies linked to tax fraud and other crimes could be seized next year.

“I expect the trend of cryptocurrency seizures to continue from investigations into fiscal 2022,” IRS Criminal Investigation Chief Jim Lee said in a statement. said.

IRS chief of investigation Lee added that in the face of increasing cybercrime, he wants to recruit 250-300 special agents to the cybercrime team.

In addition, Lee underlined that cryptocurrencies have been used more in fraud crimes in recent years and said:

“The convenience of the instantaneous movement of money opens the door for criminals to take advantage of the latest technological developments.”

In addition, with the infrastructure law signed by US President Joe Biden recently, the IRS has been given the authority to oversee crypto money transactions.

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