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.