The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies
The privacy-centric crypto tokens mentioned in the IRS-CI request include “monero (XMR), zcash (ZEC), dash (DASH), grin (GRIN), komodo (KMD), verge (XVG), and horizon (ZEN). Alongside this, the IRS wants data concerning offchain networks and sidechains like “Lightning Network (LN), Raiden Network, Celer Network, Plasma, Omisego,” and coins that have integrated the Schnorr Signature algorithm like bitcoin cash (BCH). The United States tax agency says the entity currently has little knowledge of these protocols and is looking to build its expertise. The IRS would also like to leverage applications that allow them to investigate these privacy tools and coins.