US IRS "preparing for tax evasion using cryptocurrencies...stepping up enforcement"

In an interview with CNBC, Guy Ficco, director of criminal investigations at the U.S. Internal Revenue Service (IRS), said the agency is preparing for cryptocurrency tax evasion ahead of the tax filing deadline, according to Cointelegraph. "We expect to see a spike in 'title 26' cases using cryptocurrency this year," he explained. Title 26 refers to cases where people avoid paying taxes by filing false returns or using obfuscating language in their filings. "Previously, cryptocurrencies have been used primarily for financial crimes such as fraud and money laundering, but in recent years, we've seen a surge in their use for tax evasion," Pico added.