Why the US Wants to Bring Cryptocurrency Into the Light

Why the US Wants to Bring Cryptocurrency Into the Light
AP Photo/Eric Gay

A US government request to trawl through the personal data of millions of users of the cryptocurrency exchange Coinbase signals the start of an effort to pull digital currencies like bitcoin into the mainstream, experts have said.

The “John Doe” summons, a broad order for data on all Coinbase users in 2013, 2014 and 2015, was filed by the Internal Revenue Service (IRS) in a federal court in California on 17 November.

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