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> Now the IRS says it has finally identified the Russian-Swedish administrator behind that long-running anonymizing system and charged him with laundering hundr
by aazaa 5y ago
> Now the IRS says it has finally identified the Russian-Swedish administrator behind that long-running anonymizing system and charged him with laundering hundreds of millions of dollars worth of bitcoins, much of which was sent to or from dark web drug markets. What gave him away? The trail of his own decade-old digital transactions.
It's far from clear what jurisdiction the IRS has over people using Bitcoin.
Exchanges that use the USD - that makes sense. But the IRS intervening with someone who only facilitates certain kinds of Bitcoin transactions reeks over overreach. Not exactly surprising, though.
- koheripbal 5y agoThe same jurisdiction they had over Al Capone. Generating income without paying taxes on it.
- shard972 5y agoAl Capone was an American Citizen?
- vmception 5y agoHe was a US resident and he generated transactions that did not have a payment to the authorities. This has nothing to do with USD. It is very clear. Taxes are based on the characteristics of a transaction, not the medium of exchange.
- aazaa 5y agoThe charge was money laundering, according to the article - not tax evasion.