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The Battle Over Bitcoin and Alleged Tax Fraud

by crypetonews
December 11, 2024
in Crypto Updates
Reading Time: 3 mins read
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Roger Ver, often called “Bitcoin Jesus”, is at the center of a legal battle with the United States Department of Justice (DOJ), facing accusations of tax evasion, mail fraud, and filing false tax returns.

The US pushed for his extradition after his arrest in Spain this past April. Ver, however, insists that the allegations are politically motivated and have little to do with taxes.

In an interview with Tucker Carlson on December 10, he defended himself, arguing that the real issue is his support for decentralized currencies. According to Ver, the US government’s actions are more about punishing his resistance than legal wrongdoing.

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Can Russia Use Crypto to Bypass Sanctions? (Animated)

Can Russia Use Crypto to Bypass Sanctions? (Animated)
Can Russia Use Crypto to Bypass Sanctions? (Animated)

Additionally, Ver suggested that his increased scrutiny may be linked to his recently published book, which criticizes government involvement in the cryptocurrency sector. He also argued that intelligence agencies have actively sought to weaken Bitcoin’s 


BTC

$98,360.06

 decentralized foundation.

However, according to the DOJ allegations, Ver misrepresented the value of two companies when he renounced his US citizenship in 2014.

They also claim that he concealed ownership of approximately 131,000 Bitcoin, worth about $240 million during a 2017 sale, which led to a $48 million tax deficit. Additionally, the DOJ accuses him of failing to disclose financial gains from his Bitcoin transactions.

Ver’s legal team has pushed back, arguing that the cryptocurrency tax regulations at the time were unclear. They have also accused the DOJ of mishandling private information and crossing legal lines in their investigation.

Just weeks before the legal battle between Bitcoin Jesus and the DOJ begins, Ver accused intelligence agencies of weakening Bitcoin’s decentralized mission. What led to these claims? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



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Tags: AllegedBattleBitcoinfraudTax
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