Coinbase’s explanation: https://support.coinbase.com/customer/portal/articles/2924446 …
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This is one of those results which surprises a lot of Bitcoiners because wasn’t the whole purpose of putting tax evasion on a world-readable database and connecting it to bank accounts avoiding tax enforcement? (You might think I’m strawmanning here but I have a fun HN thread.)
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https://news.ycombinator.com/item?id=7475241 <— from 2014, where some commenters were convinced that the blockchain made basis calculations impossible and therefore would destroy the IRS’ ability to tax
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You say "unsurprisingly", but remember that we're talking about cryptocurrency exchanges here.
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FWIW, we fought the summons in federal court for almost a year and got it narrowed from 500,000 to 13,000 records.
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“access denied”
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