IRS expects to confiscate billions of dollars of cryptocurrency next year - confiscated more than $ 3.5 billion in crypto this year - regulation
IRS expects to confiscate billions of dollars of cryptocurrency next year - confiscated more than $ 3.5 billion in crypto this year - regulation
The Internal Revenue Service (IRS) has announced that in the 2021 fiscal crypto of 3.5 billion, the agency expected to confiscate further billions in cryptocurrency next year.
IRS says that the next year it could even confiscate more than 3.5 billion US dollars in cryptocurrency
The Criminal Investigation Department (CI) of the Internal Revenue Service, the law enforcement department of the TAS authority, published the Criminal Investigation 2021 on Thursday. IRS Commissioner Chuck Rettig said that “CI agents are the only federal law enforcement officers who are authorized to investigate criminal violations of the US Tax Act.”
The report contains details on statistics, partnerships and significant criminal enforcement measures by IRS-CI for the past financial year, which began on October 1, 2020 and ended on September 30, 2021. Under several important crypto cases that are emphasized in the report, the longest-running Bitcoin money laundry service in the Darknet called Bitcoin fog . "
The 49-page annual report by the criminal police states that in the 2021 financial year, cryptocurrencies worth $ 3.5 billion were confiscated. This corresponds to 93% of all CI removal during this period.
The agency has announced that the billions of dollars to confiscate another billion in cryptocurrency in the next financial year. Irs criminal policeman Jim Lee called With reporters on Thursday:
I assume that the trend of crypto removal will continue in the course of the financial year ’22 ... We see that Krypto is involved in a number of our crimes while we are progressing.
Jarod Koopman, the incumbent executive director of the IRS Cyber and Forensic Services Division, that has been commented on the new normality for IRS prison investments are.
He was cited with the words: it is a huge, huge number ... We certainly see a shift in our investigative work. ” Koopman believes that the IRS Criminal Investigation Unit could confiscate even more cryptocurrencies in the coming financial year and explains:
We assume that this will remain something in this area, based on some studies on which we are currently working on and which are quite large to the scope and scope ... We could outperform this number next year.
The full report can be found here .
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