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IRS investigates tax liabilities of crypto clients of Safra Bank & trading platform sFOX

IRS crypto tax investigation
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The USA has applied to serve IRS ‘John Doe’ summonses on M.Y. Safra Bank and “cryptocurrency prime dealer and trading platform” OX Labs, d.b.a. sFOX, at federal courts in New York and California as part of an investigation into the tax liabilities of their cryptocurrency clients.