Kraken Set to Share 42,000 Users Data With the IRS
US crypto exchange Kraken is set to share 42,000 users’ data with the Internal Revenue Service ( IRS ) in compliance with a court order. Indeed, the information is set to be shared with the agency in early November after receiving a court summons. Specifically, Kraken notes that the summons calls for the production of “a wide range of records and data” on US users. Additionally, they noted that the order arrived from the US District Court for the Northern District of California in 2021. Subsequently, Kraken objected to the summons initially. Thereafter, they followed through on legal action, in which the number of users affected was reduced. Also Read: Kraken Co-Founder Criticizes Reddit’s Removal of Reward System Kraken to Comply With Court Order Requiring the Sharing of User Data With the IRS The United States has continued its rather tumultuous relationship with the digital asset sector. Indeed, the country has been entrenched in a battle over re...