Coinbase Wins Partial Victory Over IRS, Government Data Request Reduced

Coinbase has won a partial victory in their ongoing legal battle with the IRS regarding the disclosure of private user information. According to Coinbase, the government initially sought records on over 500,000 users in their efforts to catch tax cheats. After months of legal wrangling, Coinbase announced that the IRS has reduced their records request to only 14,000 users, a 97% reduction.

Coinbase also announced that the amount of documentation requested by the IRS has been substantially reduced. The company’s blog post did not reveal the criteria used to determine the 14,000 “high volume” users the IRS is interested in. Nor did Coinbase reveal the extent of the documentation that the tax agency is now seeking…

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