IRS is increasing surveillance of cryptocurrency transactions and the DOJ is advocating for expanded powers to confiscate cryptocurrency assets. The IRS has already had success in previous seizures, and a recent proposal could allow them to collect more data for potential confiscations, raising concerns about privacy and misuse of information.
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Digital Gold Rush or Privacy Nightmare…
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IRS is increasing surveillance of cryptocurrency transactions and the DOJ is advocating for expanded powers to confiscate cryptocurrency assets. The IRS has already had success in previous seizures, and a recent proposal could allow them to collect more data for potential confiscations, raising concerns about privacy and misuse of information.