According to the Internal Revenue Service (IRS), the American tax authority, Kraken, the giant crypto exchange, failed to provide requested information regarding its US customers who conducted crypto transactions worth $20,000 or more between 2016 and 2020.

The major exchange has allegedly been ignoring the IRS investigation summons. According to Law360,

"Cryptocurrency exchange Kraken Inc. hasn't complied with a court-approved IRS summons seeking records on customer identities and transactions and should be forced to furnish the records."

(By Sead Fadilpašić)