What's happened
Roger Ver, known as 'Bitcoin Jesus,' has been arrested in Spain for allegedly evading at least $48 million in taxes by not reporting the sale of $240 million worth of bitcoins. Ver, who renounced his US citizenship in 2014, faces charges of mail fraud and tax evasion. He is accused of concealing bitcoin sales from his accountant and not paying taxes due to the IRS.
What's behind the headline?
What the papers say
Business Insider UK reports that Roger Ver, also known as 'Bitcoin Jesus,' was arrested in Spain and charged with evading $48 million in taxes. The NY Post highlights Ver's indictment for cheating the US out of $48 million in taxes and his defense attorney's statement of innocence. The Independent provides details on Ver's arrest in Spain on charges of evading taxes and his background as an early Bitcoin investor.
How we got here
Roger Ver, an early investor in bitcoins, gained fame as 'Bitcoin Jesus' for his advocacy of the cryptocurrency. In 2014, he renounced his US citizenship and became a citizen of St. Kitts and Nevis. The US Department of Justice alleges that Ver failed to report the sale of bitcoins owned by his companies, resulting in substantial tax evasion. Ver's arrest in Spain follows years of involvement in the cryptocurrency community.
Go deeper
- What impact could Roger Ver's arrest have on the cryptocurrency market?
- How does Roger Ver's case reflect broader issues of tax compliance in the cryptocurrency industry?
- Tell me more about the 'Bitcoin Jesus' Roger Ver's background and involvement in the cryptocurrency community.
Common question
More on these topics
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
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Roger Keith Ver is an early investor in bitcoin, bitcoin-related startups and an early promoter of bitcoin. Ver has sometimes been referred to as "Bitcoin Jesus".
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Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.
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Spain, officially the Kingdom of Spain, is a country in Southwestern Europe with some pockets of territory across the Strait of Gibraltar and the Atlantic Ocean. Its continental European territory is situated on the Iberian Peninsula.