IRS Seized Over Three-Billion-Dollars In Cryptocurrency This Past Year

IRS Seized Over Three-Billion-Dollars In Cryptocurrency This Past Year

(Ogden, UT) — The IRS says almost all the money seized by the service’s Criminal Investigation unit over the past fiscal year was cryptocurrency. The unit recovered three-point-five-billion-dollars in crypto over the fiscal year which equals to 93-percent of overall seizures. This comes as crypto has become the main form of payment in criminal-related cases from which the agency seizes money. Most of the three-point-five-billion-dollars is from a select handful of high-profile cases. The IRS said next year the agency could seize even more cryptocurrency than this fiscal year.