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A former U.S. citizen who earned the moniker “Bitcoin Jesus” for his evangelism of cryptocurrency has agreed to pay the IRS nearly $50 million in back taxes in exchange for dropping its criminal case against him.

Roger Ver once owned two computer companies in Santa Clara. But he said goodbye to the United States in 2014 and moved to the eastern Caribbean Sea, specifically the island country St. Kitts and Nevis.

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

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