William Subert · December 1, 2016 · 7:00 am

A California district court has upheld a request by the US Internal Revenue Service (IRS) to snoop on the transaction records of virtual currency exchange Coinbase.

Also read: BITCOIN TAXES 2016: ACCURATELY REPORTING BITCOIN USAGE

IRS Let In Because ‘Some Raised Questions’

The decision Wednesday by the Northern District of California means Coinbase is now legally obliged to hand over all transaction records from 2013-15, in line with the IRS request. The move could open the floodgates to further exchanges being forced to hand over data.

“As the use of…



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