Tag: customers

Kraken Begins Notifying Customers It Will Send Their Data to the IRS This November

coiner

Cryptocurrency exchange Kraken is sending a letter to clients notifying them that after losing a lengthy court case, they will need to turn over sensitive data to the Internal Revenue Service (IRS) after a legal battle that began in May 2021. Surfacing on Reddit this week, the letter follows a summons from the IRS, and is part of an ongoing effort by tax authorities to access information related to cryptocurrency transactions. The IRS had initially demanded a range of records and data related to Kraken’s U.S. clients. In response, Kraken…

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Entity representing Binance customers seeks compensation

coiner

A third-party entity called Eeon has intervened in the lawsuit filed by the United States Securities and Exchange Commission (SEC) against crypto exchange Binance. As stated in the filing with the District Court for the District of Columbia, Eeon claims that the SEC and Binance’s attorneys have failed to sufficiently represent the interests of Binance’s customers, leading Eeon to seek representation for them. In the filing, Eeon asserted,  “We are the appropriate parties involved in this case, as the Court identified us as ‘Customers’ in its Order dated June 17,…

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