IRS Threatens US Crypto Users

by Marvin Dumont

Apollo Foundation prides itself as a robust anonymity network in which Apollo all-in-one privacy currency (APL) is powered by an unregulatable blockchain platform. Privacy is the reason why APL is finding use cases in Africa, Europe, North America, and beyond.

This week, U.S. regulators are stepping up enforcement against U.S. crypto traders, and it’s dragging down price sentiment in the market. The Internal Revenue Service (I.R.S.) said it will be send letters to nearly 10,000 users in the coming month. The “soft letter” warns users (i.e., threatens them) about penalties for failing to pay income tax. Even though the tax agency has not issued crypto guidance since 2014.

A federal court order is also requiring Coinbase to give to the government data on 13,000 users. The I.R.S. said it’s cracking down on those who buy and sell cryptocurrencies.

Not everyone agrees with their government, let alone the I.R.S.

Tax collection agencies are known for dysfunction, inefficiency, political bias, confusing rules and, in some cases, corruption. Blockchain innovators are using technology to give crypto users privacy and anonymity in an age when data is the new gold mine.

Apollo offers:

  • World-class privacy
  • Coin mixing
  • Fast transactions
  • Low transaction fees
  • Blockchain settlement
  • Decentralized exchange
  • Convenient wallet

Liberty is a principle. And it can only exist by defending it.

Apollo (APL) all-in-one privacy currency combines features of mainstream cryptocurrencies in an unregulatable platform. With two-second block speed, APL is one of the fastest cryptos on Earth. The privacy platform lets “Apollonauts” transact and send data anonymously via Encrypted Messaging, Private Ledger, Decentralized Exchange, IP Masking 2.0 and Coin Mixing.

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