There are only two things that are certain, they say, even if Coinbase thinks they won a "partial victory". Sounds like a partial defeat though, if you ask me.
Digital asset broker Coinbase will be forced to submit details of some 14,000 US-based customers between the period of 2013 to 2015 to the Internal Revenue Service (IRS), as ordered by a US federal court. The announcement was made on the Coinbase blog on November 30, alerting customers of the decision following court appearances by Coinbase in the same month.
Curious for details?
It really only matters if coinbase customers sold their crypto to get back into fiat. As long as you keep you money in crypto you are good. At least right now they have no viable way of tracking every single transaction on these blockchains.
I suspect you're right, but hard to know until more news comes out. According to the original IRS papers, anyone "transacting" more than $20k worth in a year was to have submitted, but I believe Coinbase should have sheared that down to the ones who cashed BTC out, as you say.
Not a big fan of Coinbase, but good on them to resist for a while.
Yea I have never used coinbase