Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users.
Canada Revenue Agency Wants Data on All Coinsquare Users
The Canadian tax authority has asked a federal judge to force Coinsquare “to hand over information and certain documents about all its clients” since the beginning of 2013, the National Post reported on Friday, elaborating:
The Canada Revenue Agency wants to know the identity of every client of a major Canadian cryptocurrency trading platform as part of its effort to fight tax fraud and the underground economy.
The tax agency claimed in a September filing that all the requested information is needed to ensure that customers of the crypto exchange complied with Canadian tax laws.
“Given the pseudo-anonymous nature of cryptocurrencies, the scope of non-compliance with Canadian tax…