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.
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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…