Letter #70. What to do if Coinbase is turning over your info to the IRS

To feel confident in the crypto market review our Price Analysis. http://bit.ly/2fBo7mJ

How not to panic if Coinbase is turning over your info to the IRS: expert take

Coinbase recently notified approximately 13,000 of its customers that it was turning their information over to the US Inland Revenue Service.

So what should you do if you’re one of them?
• Take a deep breath, don’t panic.
• Carefully evaluate your options.
• Contact a tax attorney.
Read the list of what you should NOT do here. http://bit.ly/2oLblXR

Crypto around the world:

• A member of China’s top political advisory board has proposed the creation of a national cryptocurrency exchange and other regulatory systems. http://bit.ly/2oRmF3W
• PayPal will increase the speed of cryptocurrency payments. http://bit.ly/2D2Vnwt
• Equity Markets vs. Cryptocurrency Markets: globally, equity markets are fluctuating, what about crypto? http://bit.ly/2FdQh2s
• European Banks have successfully executed a transfer of around $30 mln in securities on R3’s Blockchain platform. http://bit.ly/2CYOT1G
• Poll shows people want an Amazon cryptocurrency, Starbucks hints at a Blockchain app http://bit.ly/2I440uq