The Road Ahead For ‘
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Jesus’
Roger Ver: Implications
Of The $48M Tax
Evasion Charges
The Road Ahead For ‘Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Jesus’ Roger Ver: Implications Of The $48M Tax
Evasion Charges
by Ronaldo Marquez
4 minutes ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
0
Roger Ver, often hailed as Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Jesus, is currently at the
center of a high-profile legal battle with US• Экономика » Финансы » Платежные средства » Доллар США authorities. Ver is facing
serious tax evasion charges, allegedly failing to pay more than $48 million in
taxes after selling approximately $240 million in digital tokens.
The Journey Of Roger Ver
Ver was arrested in Barcelona in April this year while attending a crypto
conference and is awaiting a decision from a Spanish judge on his extradition
to the United States• Соединённые Штаты Америки (США).
As previously reported , Ver spent a month in jail after his arrest before
being released on bail and moving to Mallorca. Ver has vehemently criticized
US• Экономика » Финансы » Платежные средства » Доллар США prosecutors, claiming they are targeting him because of his “outspoken
political views” and criticism of the government.
Related Reading: Dogecoin Dips 10% As Trump Taps Musk And Ramaswamy For ‘DOGE’
In an exclusive interview with Bloomberg• Объект бренды » Бренды на b » Bloomberg, Ver asserted that he had always
aimed to comply with tax regulations, stating, I instructed all my tax
attorneys and preparers, ‘We need to do everything perfectly because I don’t
want any problem with the IRS at all.’
However, prosecutors allege that Ver concealed the extent of his
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта holdings from the IRS, claiming he misrepresented the number
and value of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin he owned before renouncing his US• Экономика » Финансы » Платежные средства » Доллар США citizenship in 2014.
‘Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Jesus’ Awaits Extradition
Ver s journey in cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта began in 2011 when he started investing
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin at under $1. His early advocacy helped popularize the concept of
using digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта for everyday transactions.
The ‘Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Jesus’ co-founded Blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн.com and invested in notable projects
like BitPay and Ripple. Yet, his career has not been without controversy as he
has faced legal issues in the past, including a guilty plea in 2001 for
dealing explosives without a license.
In 2014, Ver renounced his US• Экономика » Финансы » Платежные средства » Доллар США citizenship, becoming a St. Kitts and Nevis
citizen. This decision had significant tax implications , as expatriates with
a net worth exceeding $2 million must report their worldwide assets to the IRS
and pay an exit tax.
Prosecutors allege that Ver failed to report his substantial Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin holdings
accurately and misled his advisors about the nature of his assets, leading to
the current tax evasion charges.
If extradited and convicted, Bloomberg• Объект бренды » Бренды на b » Bloomberg reports that Ver would be the first to
face trial solely on crypto-related tax charges, potentially reshaping how
authorities approach taxation in the digital asset landscape.
Related Reading: This Week In Crypto: Key Developments And Legislative Moves
As Trump Prepares For Office
While awaiting extradition, Ver has continued to engage with the crypto
community in Mallorca, attending meetups and participating in discussions
about the future of digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта . He remains vocal about his innocence
and insists on the validity of his defense.
Supporters have rallied around Ver, with a website advocating for his cause
and calling for an end to what they describe as unjust
prosecution. The 1D chart shows BTC s price reaching a new record
peak on Wednesday. Source: BTCUSDT on TradingView.com
At the time of writing, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has reached a new all-time high of $91,660,
with a significant increase of 39% in the last 30 days.
Featured image from CNBC, chart from TradingView.com