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<blockquote data-quote="Max Roscoe" data-source="post: 1478148" data-attributes="member: 17845">Implying they weren't already tracking this for ALL American bitcoin holders?Coinbase already provides their database of user activity to the IRS, and the IRS added a question to your tax form that asks merely if you sent, received, or acquired any crypto currency, under penalty of perjury. Remember Bitcoin is not private, though it is not *easy/simple* to see who is transacting.&nbsp; This rule simply makes it where the IRS gets a&nbsp; simplified list, which makes it easier for them to see which taxpayers are doing this.[URL unfurl=&quot;true&quot;]https://www.justice.gov/opa/pr/court-authorizes-service-john-doe-summons-seeking-identities-us-taxpayers-who-have-used#:~:text=The%20court's%20order%20grants%20the,John%20Doe%E2%80%9D%20summons%20on%20Coinbase.&amp;text=This%20John%20Doe%20summons%20directs,to%20their%20virtual%20currency%20transactions.[/URL]</blockquote>

[QUOTE="Max Roscoe, post: 1478148, member: 17845"] Implying they weren't already tracking this for ALL American bitcoin holders? Coinbase already provides their database of user activity to the IRS, and the IRS added a question to your tax form that asks merely if you sent, received, or acquired any crypto currency, under penalty of perjury. Remember Bitcoin is not private, though it is not *easy/simple* to see who is transacting. This rule simply makes it where the IRS gets a simplified list, which makes it easier for them to see which taxpayers are doing this. [URL unfurl="true"]https://www.justice.gov/opa/pr/court-authorizes-service-john-doe-summons-seeking-identities-us-taxpayers-who-have-used#:~:text=The%20court's%20order%20grants%20the,John%20Doe%E2%80%9D%20summons%20on%20Coinbase.&text=This%20John%20Doe%20summons%20directs,to%20their%20virtual%20currency%20transactions.[/URL] [/QUOTE]

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