Coinbase called the order a “partial victory” after months of fighting against the IRS’s request for even more customer data. On Wednesday, a court ordered Coinbase to hand over information to the Internal Revenue Service (IRS) about users that made transactions over $20,000 between 2013 and 2015.
That request includes information on 14,355 Coinbase customers across 8.9 million transactions, according to the court order.
The order comes nearly a year after the IRS first requested records on all of Coinbase’s transactions between 2013 and 2015 as part of its efforts to catch tax evaders.
Just hours after wild fluctuations in bitcoin prices put Coinbase’s servers on the fritz, the cryptocurrency exchange is facing a new challenge: the US government.
Coinbase must turn over information about thousands of its users to the Internal Revenue Service (IRS), a US district court ruled on Wednesday.
Tech: The bitcoin exchange Coinbase has been ordered to hand the IRS info on 14,355 of its highest-rolling customers
