Roger Ver, famously known as “Bitcoin Jesus,” is locked in a $48 million tax dispute with the IRS. The accusations stem from alleged tax evasion after Ver renounced his U.S. citizenship. In December 2024, his legal team requested the dismissal of the charges, arguing that unclear tax rules and improper prosecution were at play. The court is set to review the case in February 2025.
This high-stakes battle sheds light on the growing challenges of crypto taxation. With tighter international tax rules and advanced blockchain tracking, offshore tax evasion is increasingly difficult, raising concerns for crypto investors worldwide.
IMF wakes up to cryptoOn Mar. 20, the International Monetary Fund (IMF) published the seventh edition of its Balance of Payments Manual (BPM7), marking the first time cryptocurrencies like Bitcoin have
The ‘golden passport’ is no more in Europe, but for wealthy Americans eager to relocate, there are still plenty of options to escape to new horizons. On April 29, the European Court of Justice
President Joe Biden’s administration has presented a disputable idea to impose a 44% tax on cryptocurrency transactions. This policy, whose purpose is to bring more revenue into the government treasury,
In a paper from European Central Bank (ECB) economists Ulrich Bindseil and Jürgen Schaaf, they argue that Bitcoin’s rise in value disproportionately benefits early adopters at the expense of latecomers