Roger Ver, known as the 'Bitcoin Jesus', faces serious allegations of tax fraud in the U.S. and has decided to contest his extradition from Spain.
Charges Against Roger Ver
In December 2023, Ver was charged by U.S. authorities with tax evasion totaling $48 million. Allegedly, he evaded payment of an 'exit tax' on unrealized capital gains from his Bitcoin holdings after renouncing his U.S. citizenship in 2014.
Legal Battle and Possible Consequences
Ver has filed a complaint with the European Court of Human Rights, claiming that the Spanish government is violating his legal rights by agreeing to extradite him to the U.S., where he faces up to 109 years in prison. His legal team is seeking to have all eight charges dismissed, arguing that the exit tax is unconstitutional.
Support and Criticism in the Crypto Community
Some in the crypto community support Ver, highlighting his contributions to Bitcoin's early days and his backing of Bitcoin Cash. However, others argue that renouncing U.S. citizenship forfeits any claim to legal protections.
Roger Ver's case raises significant questions regarding taxation and legal aspects for cryptocurrency investors. The future of this high-profile case remains uncertain.
