A federal court in Texas recently required a Bitcoin investor to hand over his cryptocurrency keys in a tax fraud case. The case involved unreported $3.7 million in Bitcoin sales, demonstrating the regulators’ focus on cryptocurrency tax compliance. Previously, the U.S. Department of Justice filed a criminal case for crypto tax evasion for the first time and sentenced the man who failed to report his Bitcoin earnings to two years in prison. This incident reminds investors that while enjoying the benefits of cryptocurrencies, they must also pay attention to complying with relevant tax laws and regulations. 🔍💼