The taxman matches Bitcoin transactions and bank transfers to identify people

Posted on Apr 22, 2018

The taxman matches Bitcoin transactions and bank transfers to identify people

All of the transaction data for Bitcoin and other cryptocurrencies are stored in a public ledger known as Blockchains. The tax office has been admitted generous access to bank transfers and other data, which enables identifying people. By matching the transfers it is evident that in the past most citizens have not reported profits made with virtual currencies.

Source: metropolitan.fi