Kraken to Share User Data on Large Bitcoin Trades with IRS Per Court Order

Kraken will share data on users' bitcoin trades over $20,000 from 2016-2020 with the IRS per a court order. This includes names, DOBs, addresses, etc.

42,017 Kraken accounts will be impacted. The data will be sent to the IRS in early November.

Kraken fought the IRS summons for 2 years, arguing it was intrusive, but ultimately lost in court in June.

Kraken says despite losing, it convinced the court to reject some of the IRS's broader data demands like IP addresses and sources of wealth.

The IRS has previously won similar court orders against Coinbase, Circle, and SFOX to share user crypto trade data.