Bitcoin Unable To Provide Privacy, Attracts FED and IRS Heat, FinServices Cave Demands

[Mirimir]

On 11/20/2016 12:54 AM, grarpamp wrote:
> https://yro.slashdot.org/story/16/11/18/2146221/irs-demands-identities-of-all-us-coinbase-traders-over-three-year-period
> http://motherboard.vice.com/read/irs-demands-identities-of-all-coinbase-traders-over-two-year-period
> https://www.documentcloud.org/documents/3222198-Petition-for-Coinbase-Trader-Identities.html
> https://twitter.com/zerohedge/status/799401350824132608
> https://www.documentcloud.org/documents/3222199-Memorandum-in-Support-of-Petition-for-Coinbase.html
> 
> In bitcoin-related investigations, authorities will often follow the
> digital trail of an illegal transaction or suspicious user back to a
> specific account at a bitcoin trading company. From here,
> investigators will likely subpoena the company for records about that
> particular user, so they can then properly identify the person
> suspected of a crime. The Internal Revenue Service, however, has taken
> a different approach. Instead of asking for data relating to specific
> individuals suspected of a crime, it has demanded bitcoin trading site
> Coinbase to provide the identities of all of the firm's U.S. customers
> who made transactions over a three year period, because there is a
> chance they are avoiding paying taxes on their bitcoin reserves.

Some people jus' gotta learn OpSec that hard way, I guess :(

<SNIP>