FEDERAL JUDGE RULES IN FAVOR OF IRS; IT CAN NOW DEMAND CUSTOMER INFO. OF CIRCLE

Highlights:

•       Customers with transactions of $20,000 and more are liable to pay taxes

•       The federal judge's authority to IRS to demand customer information from Circle does not mean that the latter is wrong

Circle Internet Financial limited a crypto finance company bought Poloniex in 2018. The Internal Revenue Service (IRS) ....