Court orders Kraken to provide information on user transactions to the IRS
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS. Kraken has been ordered to provide information on its users to who conducted the equivalent of $20,000 in crypto transactions in any one year, between 2016 and 2020, to the Internal Revenue Service. A federal court in northern California authorized the IRS to serve a “John Doe summons” on Kraken yesterday. The exchange is not alleged to have done anything wrong. The IRS is after the records of an “ascertainable group or class of persons” who may have....
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The Internal Revenue Service (IRS) has obtained court authorization to serve a John Doe summons on cryptocurrency exchange Kraken. The tax agency is seeking data of users with $20,000 or more in cryptocurrency transactions during the years 2016 to 2020. IRS Wants User Information From Crypto Exchanges The U.S. Department of Justice (DOJ) announced Wednesday that a federal court in the Northern District of California has authorized the IRS “to serve a John Doe summons on Payward Ventures Inc., and subsidiaries d/b/a Kraken.” The IRS is “seeking information about U.S.....
Bitcoin exchange Kraken recently announced that they will be reducing transaction fees incurred in trades, as they are moving towards a "maker taker" fee model. This means that market makers will be able to provide the liquidity to "takers" or traders. The company shared its revised fees in its latest blog post and said that this new model will reward market makers for providing liquidity to the bitcoin exchange market. The maker fee applies when a user adds liquidity to the Kraken order book by placing a limit buy below market price or a limit sell above market price. The maker fee is....
Kraken has become the first digital currency platform in the history to introduce Ether Dark Pool. Kraken yesterday announced that it is introducing Ether Dark Pool on its platform, thereby becoming the first digital currency exchange to have introduced such a trading feature. The core motto behind the launch of Ether Dark Pool is to provide traders with an abstract layer of privacy, while executing larger orders. Especially in an over-volatile market such as cryptocurrency, the need to shield big trading orders is must for every professional trader – to prevent flock trading, and saving....
The IRS has been authorized to seek information on users of the cryptocurrency exchange Kraken, to ensure they are paying their taxes.
Circle Internet Financial isn't the only cryptocurrency-related company introducing a mobile application this week. Cryptocurrency exchange platform Kraken is following suit by introducing their own application for iOS. Launched this weekend on the iTunes App Store, the application provides the user with a wealth of information when it comes to cryptocurrency markers (bitcoin being among the most popular). Users are able to add their own Kraken API key to view their balances, positions, and orders quickly. In addition, all of the market data a trader would come to expect is also available....