IRS Faulted for Mishandling Crypto Seizures by Watchdog

IRS Faulted for Mishandling Crypto Seizures by Watchdog
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A US government watchdog has criticized the IRS Criminal Investigation division for failing to follow protocols in seizing and safeguarding crypto. The report highlights repeated lapses in handling digital assets between December 2023 and January 2025.

  • IRS-CI failed to follow crypto seizure protocols from December 2023 to January 2025.
  • Watchdog report found missing documentation on crypto addresses and amounts.
  • Reforms recommended to improve IRS handling of digital asset seizures.
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