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Question: Likelyhood of IRS Compliance via Coinbase.
Good. - 5 (35.7%)
Bad. - 5 (35.7%)
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Total Voters: 14

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Author Topic: Coinbase asked to provide info from 2013-2015 to IRS. So far they are hedging.  (Read 2508 times)
AgentofCoin
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December 01, 2016, 03:48:13 PM
Last edit: December 01, 2016, 04:05:28 PM by AgentofCoin
 #41

As expected from some users in this thread , Coinbase officially lost the case. This covers all Coinbase users from 2013 to 2015.
There is still the appeal process. Coinbase has a chance to overturn that Order if they
can properly argue that the original request was too broad and that the Judge didn't limit
the data to specific individuals. This is an IRS action, so the law is weirder here and certain
things that normally are not allowed, are allowed.

It is likely the IRS will argue that this fishing expedition is needed as an action of it's own enforceability.


If there is something that someone should learn from this , then It's that we shouldn't trust centralized exchange that asks for real information's for long term.
All systems of centralization and Bitcoin/bitcoin do not work.
We either will have the one and not the other or vice versa.

I support a decentralized & unregulatable ledger first, with safe scaling over time.
Request a signed message if you are associating with anyone claiming to be me.
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