Bitcoin battle heats up as Coinbase fights IRS demand

Prepare your popcorn—Coinbase is fighting back.

The U.S.-based bitcoin exchange finally shattered its silence two months after the Internal Revenue Service ordered it to hand over records of all transactions that took place from 2013 to 2015.

Last week, California-based Coinbase filed court papers supporting a challenge to the IRS demand, which claimed that the tax agency’s order was too broad and might incriminate customers who have done nothing wrong.

In its filing, the virtual currency exchange asked a federal judge to delay the hearing—set for Jan. 19 in San Francisco—until March so the company will have enough time to prepare a proper response.

Bitcoin battle heats up as Coinbase fights IRS demand

Prepare your popcorn—Coinbase is fighting back.

The U.S.-based bitcoin exchange finally shattered its silence two months after the Internal Revenue Service ordered it to hand over records of all transactions that took place from 2013 to 2015.

Last week, California-based Coinbase filed court papers supporting a challenge to the IRS demand, which claimed that the tax agency’s order was too broad and might incriminate customers who have done nothing wrong.

In its filing, the virtual currency exchange asked a federal judge to delay the hearing—set for Jan. 19 in San Francisco—until March so the company will have enough time to prepare a proper response.