Customer records from Coinbase should be turned over to the IRS, a federal judge in San Francisco ruled this week. The IRS' request for a summons to compel Coinbase into providing transaction records from 2012 to 2015 for all US users was granted.
A filing from the Justice Department said there was evidence in three cases of people using the Bitcoin exchange to avoid taxes.
Judge Jacqueline Scott Corley ruled there was "reasonable basis for believing that such group or class of persons has failed or may have failed to comply with any provision of any internal revenue laws."
Coinbase says it disagrees with the request and will fight the decision.
We look forward to opposing the DOJ's request in court after Coinbase is served with a subpoena. As we previously stated, we remain concerned with our US customers' legitimate privacy rights in the face of the government's sweeping request. - Coinbase