The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking.

  • Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association presentation on combating fraud, Forbes reported. The long-time veteran of the IRS Criminal Investigation division explained that the office has put together a dedicated team of IRS criminal investigation professionals to work on this operation.
  • A partnership between the civil office of fraud enforcement and the criminal investigation unit, Operation Hidden Treasure aims to “root out tax evasion from cryptocurrency owners,” the publication conveyed.
  • The team working on Operation Hidden Treasure comprised agents who are trained in the area of…

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Source: https://news.bitcoin.com/irs-operation-hidden-treasure-unreported-crypto-income/