DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Cryptonews

IRS Warning: The Taxman Cometh – For 'Billions of Dollars' Worth of Crypto

America’s central tax body, the Internal Revenue Service (IRS) has stated that it expects crypto worth billions of dollars could be seized again next year. Bloomberg quoted the IRS Criminal Investigation Chief Jim Lee as...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

IRS Warning: The Taxman Cometh – For 'Billions of Dollars' Worth of Crypto
America’s central tax body, the Internal Revenue Service (IRS) has stated that it expects crypto worth billions of dollars could be seized again next year.
Bloomberg quoted the IRS Criminal Investigation Chief Jim Lee as stating: 
“I expect a trend of crypto seizures to continue as we move forward into the fiscal year [FY] 2022. We’re seeing crypto involved in a number of our crimes as we move forward.”...
Read More: IRS Warning: The Taxman Cometh – For 'Billions of Dollars' Worth of Crypto

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context