The IRS responds to the motion of Coinbase’s user asking the court to allow the tax agency proceeding with its “John Doe” summons.
According to Jeffrey Berns, more than a million Americans are subject to the summons granted to the IRS.
The IRS suspects that some individuals could have hidden taxable income for the specified period.
The Internal Revenue Services sent Coinbase a summons asking for information on all users basing on three isolated cases when people used bitcoin to evade taxes.
The leading bitcoin exchange is not planning to support ETC trading so far.
One of the leading bitcoin exchanges has expanded its bitcoin buying feature to Canada and Singapore, following the launch of the service in Australia.
Now Coinbase customers can make various transcations with Ether using their Coinbase accounts.
With the initiative Coinbase intends to ease the process of digital currency exchange.
Newcomers to cryptocurrencies will now be able to purchase bitcoin through Buy Widget, aa new product developed by the California-based bitcoin wallet provider.
Coinbase has also changed the name of the platform as it is going to add more digital assets for trading.
Coinbase recently announced that stop orders are now available on Coinbase Exchange. Stop orders allow customers to buy or sell bitcoin at a specified price.
Following four-month Coinbase integration pilot program, the largest financial group has launched an option to allow US military personnel check their account balances.