IRS Asks to Postpone Upcoming Hearing With Coinbase
This month the U.S. Internal Revenue Service (IRS) recently sought out a continuation of its court hearing with Coinbase. The initial hearing was scheduled to be held on February 16, but the tax agency now wants to postpone the hearing until March 23. The case will also begin with a motion from a former Coinbase customer concerning the tax agency’s....
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The Internal Revenue Service is seeking to delay an upcoming hearing in its ongoing court dispute with digital currency exchange Coinbase, new court filings show. According to a stipulation and proposed order filed today in the US District Court for the Northern District of California, attorneys for the IRS have asked to delay a 16th February hearing on petitions by both Coinbase and one of its customers, each of whom have sought to formally intervene. The IRS had previously filed motions seeking to stop both sides from entering the case. Now, the US tax agency wants to push that hearing....
Bitcoin and stablecoins have seen a lot of attention during the past week. After the Securities and Exchange Commission (SEC) Chairman Gary Gensler took part in a U.S. Congressional Hearing, the looming threat of new regulations against the sector growths. In this context, the CEO of crypto exchange Coinbase Brian Armstrong asked his Twitter followers […]
The U.S. government’s battle to get Coinbase to comply with its summons to provide information about its customers continues. A federal judge has agreed to move a hearing date to March 23 to consider arguments against the summons. On Feb. 3, 2017, Jacqueline Scott Corley, a U.S. magistrate judge, granted the government’s request to continue the hearing date to March 23, 2017 for motions to intervene filed by attorney Jeffrey Berns and Coinbase in their efforts to challenge the summons served by the IRS. Coinbase Fights IRS Summons. Berns, a Coinbase customer and attorney, filed a motion on....
Do not be mistaken in thinking the US government shows no further concern over bitcoin users, though. The ongoing IRS investigation against Coinbase is far from over at this point. A federal court granted a stipulation filed by the government to move the hearing date for Jeffrey Berns’ motions. Berns still continues to oppose the IRS’ John Doe summons, as he feels the investigation based on prejudice rather than solid evidence. Obtaining sensitive customer records from bitcoin enthusiasts raises a lot of questions, that much is certain. Unfortunately, it looks like the IRS-Coinbase....
Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions.
Coinbase Reportedly Asks Russian Clients to Withdraw Funds
Some Coinbase users from Russia have received letters informing them that their accounts will be blocked on May 31, the crypto page of the Russian business news portal RBC reported. The company suggested that these customers withdraw their....