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IRS looking for a court approval to get information on Kraken’s customers

Nishit Jogi by Nishit Jogi
February 10, 2023
in News
Reading Time: 1 min read
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Home » News » IRS looking for a court approval to get information on Kraken’s customers

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The Internal Revenue Service of the United States has filed a court document seeking permission to enforce a summons for information against Kraken and its subsidiaries. On Thursday, the IRS filed a court petition to enforce its summons, just minutes after Kraken announced it would settle Securities and Exchange Commission charges that it offered unregistered securities through its staking-as-a-service programme. According to the IRS, the summons was first issued in 2021, but Kraken has yet to comply.

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