August 26, 2020 US IRS sends letters to suspected holders of digital assets.

The US Internal Revenue Service has sent ‘soft letters’ to over 10,000 suspected cryptoasset holders warning them to properly report their owed taxes. first announced the letters this week, publishing a copy of one such letter submitted by one of its users. The agency sent similar letters to US-based cryptoasset holders last year, some of which threatened taxpayer audits.