On May 5, 2021, another federal district court, this time for the Northern District of California, permitted the IRS to proceed with a John Doe summons very similar to the one served on Circle last month (the subject of a recent post). This time, the Summons seeks information on customers of a San Francisco-headquartered digital currency exchange company called Payward Ventures Inc. and Subsidiaries, d/b/a Kraken. Just like in the Circle case, the Summons only applies to customers who have engaged in a total of $20,000 or more in transactions with the company between 2016 and 2020. Also like in Circle, thus far, DOJ is not alleging any wrongdoing by Kraken or its customers.
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Hi @fanfeo thanks for this update.. yeah in the long run crypto taxation will be inevitable in more and more countries not just the states
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