IRS will track tax evading owners of cryptoassets via blockchain
The US Internal Revenue Service (IRS) has launched a program to identify cryptocurrency owners who are hiding their income. For this, IRS employees will be trained in blockchain analysis. IRS Anti-Fraud Director Damon Rowe said the IRS will work to identify unreported revenue streams through the Operation Hidden Treasure program. The main priority of the program is to detect cryptocurrency users who hide their income. Operation Hidden Treasure is a joint program of the Anti-Fraud…