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Author Topic: IRS and Bitcoin  (Read 221 times)

ToTheMoon!

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IRS and Bitcoin
« on: August 28, 2017, 06:52:17 PM »
Interesting article on Cointelegraph about the IRS using chainanalysis tools to crack down on Bitcoin tax cheats.  So are other cryptos next?  Will this push people out of Bitcoin and to some of the alt coins with more secure blockchains like Monero?  Will coins be forced to provide a way to track transactions to the government soon?    Here's the link: https://cointelegraph.com/news/irs-uses-chainalysis-to-track-down-bitcoin-tax-cheats

Zender

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Re: IRS and Bitcoin
« Reply #1 on: December 02, 2017, 05:37:41 PM »
You can trace bitcoin network transfers. Plus, there is free access to this information so anybody could find it. The only problem is that you can trace the wallets but you can't tell whose wallet is whose. If the owner doesn't say who s/he is, nobody will find out.

 

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