U.K., Others Follow U.S. Lead to Curb Crypto Tax Evasion

Nearly three years ago the U.S. took a major step in the battle against cryptocurrency tax evasion by requesting user data from one of the largest digital asset exchanges.

Now other countries are following suit.

“What you’re seeing are some efforts from J5 partner countries and other countries to maybe follow similar techniques that have been used in the U.S.,” said Don Fort, chief of the Criminal Investigation Division at the Internal Revenue Service.

The J5, or Joint Chiefs of Global Tax Enforcement, is a collaboration among tax agencies in Australia, Canada, the Netherlands, the United Kingdom, and the ...