Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
NEW YORK: Cryptocurrency exchange Kraken has been ordered by a judge to provide a wide swath of information about its users to the Internal Revenue Service (IRS) for the agency’s investigation of underreported tax liability.
The IRS has said it wants information on Kraken accounts that did at least US$20,000 (RM93,368) of cryptocurrency trading in any single year, from 2016 to 2020.
