Almost all of the money seized by the Criminal Investigation unit of the Internal Revenue Service during the last fiscal year was in cryptocurrencies, the agency Announced Thursday - A strong indication of how common it has become in the criminal world.
The unit seized $ 3.5 billion in cryptocurrency in non-tax investigations during the last fiscal year, representing 93 percent of its overall seizures from October 1, 2020 to September. December 30, 2021.
The report marks a sharp turn to bitcoin and other cryptocurrencies for the IRS, where digital money has quickly become the dominant form of payment in criminal cases where the agency seizes funds.
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