ver

When he renounced his U.S. citizenship, Ver owned roughly 131,000 Bitcoins either personally or through companies that he owned, according to federal prosecutors.

At the time, Bitcoins traded for around $871 each and Ver was required to pay an “exit tax” on his capital gains.

The following year, an appraiser Ver hired to value his companies asked him in an email to provide the number of Bitcoins he owned when he expatriated.

“Mr. Ver is accepting responsibility for his actions and has agreed to pay a substantial penalty,” acting U.S.

Ver continued to provide unclear responses to the appraiser.