Express
The IRS Has Confiscated $1.2 Billion Worth Of Cryptocurrency In Fiscal 2021
Summary: Jarod Koopman, head of cybercrime at the U.S. Internal Revenue Service, told CNBC that they seized approximately $700,000 worth of cryptocurrency in the fiscal year 2019, this figure was as high as $137 million by 2020. The fiscal year lasts until September 30, Koopman said the amount has raised to $1.2 billion by 2021. It ...
Jarod Koopman, head of cybercrime at the U.S. Internal Revenue Service, told CNBC that they seized approximately $700,000 worth of cryptocurrency in the fiscal year 2019, this figure was as high as $137 million by 2020.
The fiscal year lasts until September 30, Koopman said the amount has raised to $1.2 billion by 2021.
It is reported that the seizure of Bitcoin by federal agents began in 2014 with the fall of the Silk Road, a disbanded illegal darknet market, and Bitcoin is often used for payment.
By Mary Liu
Tags: Cryptocurrency,IRS
Link: The IRS Has Confiscated $1.2 Billion Worth Of Cryptocurrency In Fiscal 2021 [Copy]
