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Coinbase announced GG, the court ruled that it disclosed to the IRS more than 14,000 customer information

December 1 News, digital currency exchange Coinbase has been ordered by the court to disclose to IRS details of its more than 14,000 customers.

The protracted legal battle between Coinbase and the IRS ushered in the final outcome under the San Francisco Federal District Court decision, where it was learned that the court has ruled that Coinbase must hand over its platform during the 2013-2015 period , Trading or se

nding user accounts with more than $ 20,000 in funds.

According to a court filing, Coinbase now must provide the tax agency's name, address, taxpayer identification number, and the date of birth of the customer associated with those accounts.

The controversy over user records has been under way since November 2016, and in July this year IRS proposed to reduce the subpoena coverage from the initial 480,000 user accounts to the current 14,000.

However, in the view of Coinbase, this reduced scope is still too large, and the behavior of the IRS is called a "bottom-line survey."

And after the court ruled, Coinbase chiefs posted a blog post stating that the downsizing was a "partial victory . "

The law research and advocacy group Coin Center objected to the ruling, deeply dissatisfied with "the lack of legitimacy of the IRS" and found the case to set a bad precedent for financial privacy.

Coinbase said in a blog post that it is reviewing the order and promised its users:

"If we ultimately want to produce the documents on the order of the court, we intend to notify the affected clients before any disclosure."
Some netizens commented:

"There are two things in life that you can not escape. One is death and the other is taxed."
What do you think?