The tax agency has clarified that it is seeking this data only to keep a watch on activities of tax evasion and money laundering.
The lawsuit accuses the company misleading people with the sale of its unregistered XRP tokens and inflating its price.
The central government official, however, have assured to immediately work on a regulatory framework for the operations of cryptocurrencies.
Kraken has fired back at Bloomberg for accusing it of price manipulation without credible evidence and failure to properly understand some concepts in the cryto market.
The Food Standard Agency, a regulator in the UK has successfully completed a test program in which it evaluated the viability of blockchain technology in supply chain management.
The bank in its report calls cryptocurrencies to be a speculation driven instrument instead of having any attributes of money.
The report notes that the ICO market has matured a lot over the last year with improving legal aspects and investor relations.
This has resulted into a considerable drop on the charts in the Bitcoin hashrate.
A group of banks in Europe have selected IBM to build a blockchain platform that is to be used by small businesses to finance cross-border orders.
The new service is specifically aimed towards institutional hedge funds and other big clients.