Is it surprising? I guess not! US government is leaving no stones unturned to stop crypto adoption. As a gameplan, they have now started disturbing common people with regulatory hassles. Now if a common person is constantly pushed with legal things, they will get fed-up and probably turn away from crypto totally. That's what IRS wants it seems!
US can't control cryptocurrency. But they can indeed control their citizens. They started with cryptos and now shifted focus towards exchanges and citizens. Sad!
Topic: IRS Criminal Investigation Unit Is Taking on More Crypto Tax Cases - page 2. (Read 367 times)
December 06, 2023, 11:34:47 AM
December 06, 2023, 11:16:36 AM
https://www.bloomberg.com/news/articles/2023-12-04/irs-criminal-investigation-unit-taking-on-more-crypto-tax-cases
"Head of division says half of active crypto cases involve tax
Money laundering was top issue three years ago, Lee says
The Internal Revenue Service crime unit that played a leading role in the Binance Holdings Ltd. probe is seeing a surge in cases involving crypto-related tax evasion, according to the division’s leader.
Three years ago, the vast majority of the active crypto investigations — upwards of 90% — involved money laundering, Jim Lee, chief of the IRS’s criminal investigation division, told reporters on a call Monday. But in the past year, about half of the digital-asset probes have involved tax, he said."
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Don’t swear that the link is from Bloomberg, but it’s true. The US authorities cannot accept that they cannot control cryptocurrencies
"Head of division says half of active crypto cases involve tax
Money laundering was top issue three years ago, Lee says
The Internal Revenue Service crime unit that played a leading role in the Binance Holdings Ltd. probe is seeing a surge in cases involving crypto-related tax evasion, according to the division’s leader.
Three years ago, the vast majority of the active crypto investigations — upwards of 90% — involved money laundering, Jim Lee, chief of the IRS’s criminal investigation division, told reporters on a call Monday. But in the past year, about half of the digital-asset probes have involved tax, he said."
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Don’t swear that the link is from Bloomberg, but it’s true. The US authorities cannot accept that they cannot control cryptocurrencies
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