Tag: Cryptocurrency wallet

CryptographyLegal Careers

Bitcoin Investor Roger Ver Reaches $49.9 Million Tax Settlement with Trump Administration

Roger Ver, the early cryptocurrency investor nicknamed “Bitcoin Jesus,” has reached a landmark settlement with the Trump administration to resolve tax evasion charges. The deferred prosecution agreement could see Ver pay up to $49.9 million while avoiding potential prison time.

The “Bitcoin Jesus” tax resolution

Early cryptocurrency investor Roger Ver, widely known in digital currency circles as “Bitcoin Jesus,” has reached a significant legal resolution with the Trump administration to settle substantial tax evasion charges. According to court documents filed in Los Angeles federal court, Ver agreed to a deferred prosecution arrangement that could require payments totaling $49.9 million to resolve allegations he evaded tens of millions in tax obligations. The settlement represents one of the most notable cryptocurrency-related tax cases resolved during the current presidential administration.

by Megan Carter
BusinessTelecom

Telcos Transform Into Banks For Next Two Billion Customers

Telecommunications companies across Africa and Latin America are leveraging their infrastructure to provide banking services to underserved populations. With 1.4 billion adults remaining unbanked globally, telcos are positioned to become the financial institutions of the future through mobile money platforms and digital payment systems.

Telecommunications companies are rapidly transforming into banking institutions for the next two billion customers, leveraging their existing infrastructure to provide financial services to underserved populations across developing regions. This strategic pivot addresses both the massive customer churn facing telephone companies and the critical gap in financial inclusion that traditional banks have failed to fill. According to industry analysis, telcos in Africa and Latin America spend $15-21 billion annually on customer retention while still losing up to 67% of their customers each year, creating an urgent need for service diversification that increases customer loyalty and revenue streams.

The Mobile Money Revolution Transforming Telecommunications

by Tyler Brooks P.E