Cryptocurrency Q&A Does IRS track Binance?

Does IRS track Binance?

GyeongjuGloryDaysFestivalJoy GyeongjuGloryDaysFestivalJoy Fri Mar 29 2024 | 7 answers 1234
I'm curious, does the Internal Revenue Service (IRS) actively track transactions on Binance, the popular cryptocurrency exchange? Given the increasing popularity of cryptocurrencies and their potential for tax evasion, I'm wondering if the IRS has any specific measures in place to monitor and regulate the flow of funds through Binance. Do they have access to the exchange's transaction records, or do they rely on other means to identify and pursue tax evaders? Is there any public information available on how the IRS handles cryptocurrency tax compliance issues? Does IRS track Binance?

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