WASHINGTON—The IRS is bolstering its efforts to fight fraud in the cryptocurrency sector.
The Wall Street Journal reported the IRS Criminal Division (IRS-CI) is adding hundreds of new agents and is assigning many of them to focus on digital assets and cybercrime, and is cultivating cooperative efforts with the crypto industry.
“This is a new industry for everybody,” Thomas Fattorusso, the special agent in charge of IRS-CI’s New York field office, told the Journal. “I think we’re still trying to feel our way around it. The companies are feeling their way around it.”
Crypto companies that partner with IRS-CI in these efforts do so because they find it bolsters their legitimacy, according to the Journal.
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