Kraken Courts Development: Kraken Now Reports to The IRS

In the latest development regarding rulings in the digital asset exchange Kraken courts, the exchange announced that it will send client data to the United States agency responsible for the collection of federal taxes, the Internal Revenue Service (IRS), starting in November.

The decision was revealed after the firm lost a lengthy legal battle with the regulator that began in May 2021.

A Kraken Letter Surfaces on Reddit

A letter surfaced on social networking platform Reddit earlier this week, which revealed that Kraken has to submit client information. This comes at a time when authorities are increasing their efforts to gather data belonging to blockchain-based…

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