By Ben Brown Published January 12, 2017 FOXBusiness
~image by Fox News
FOXBusiness.com sat down with Bitcoin expert, Nick Spanos to explain the crypto currency.
The Internal Revenue Service has filed a John Doe summons in an attempt to acquire data from Coinbase, a digital assets exchange company. If successful, digital currency users who have been using Bitcoin and other alternative currencies to dodge paying taxes could be fined by the federal agency for evading taxes.
However, a Bitcoin user has filed a motion to block the summons and a hearing will be heard on January 19, 2017.