Japanese man sentenced to 1 year in prison and fined $202,000 for cryptocurrency tax evasion

Japanese man sentenced to 1 year in prison and fined $202,000 for cryptocurrency tax evasion

On March 11, a 56-year-old Japanese man named Eiji Matsuda was sentenced to one year in prison and fined $202,000 for evading cryptocurrency taxes. The court said that the man deliberately evaded his Bitcoin tax returns from 2017 to 2018 and was suspected of falsifying tax data, owing more than $680,000 in taxes.

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