A federal court in the Northern District of California has given the green light to the U.S. Internal Revenue Service (IRS) to obtain the identities of users who have traded digital assets on crypto exchange Kraken.
According to an announcement published by the Department of Justice (DOJ) on Wednesday, the IRS is now authorized to serve a “John Doe summons” on customers of Kraken and its parent company Payward Ventures Inc. Tax officers can request the identities of any user who transacted $20,000 or more in crypto between 2017 and 2020.
“Gathering the information in the summons approved today is an important step to ensure cryptocurrency owners are following the tax laws. Those who transact with cryptocurrency must meet their tax obligations like any other taxpayer,” said David Hubbert, acting assistant attorney general of the Justice Department’s Tax Division, in the announcement.
Hunting down crypto tax-dodgers
In its announcement, the DOJ clarified that the court order d