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Pioneering Bitcoin Investor Gets Two Years in Prison for Failing to Declare Profits to IRS
By: Gustavo Bertolucci 12/13/2024 09:45
Pioneering Bitcoin Investor Gets Two Years in Prison for Failing to Declare Profits to IRS
In addition to the prison sentence, the investor will have to pay a million-dollar fine to reimburse the United States. "This case marks the first criminal prosecution for tax evasion focused exclusively on cryptocurrency," said a US revenue agent.
A court has sentenced a pioneering bitcoin investor to two years in prison in the United States after he failed to declare his profits from selling the digital currency.
Pioneering Bitcoin Investor Gets Two Years in Prison for Failing to Declare Profits to IRS
In addition to the prison sentence, the investor will have to pay a million-dollar fine to reimburse the United States. "This case marks the first criminal prosecution for tax evasion focused exclusively on cryptocurrency," said a US revenue agent.
A court has sentenced a pioneering bitcoin investor to two years in prison in the United States after he failed to declare his profits from selling the digital currency.
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