- Roger Ver complains about government double standards
- Indonesia urges individuals to use rupiah or go receive a penalty if they don’t do so
Roger Ver, one of the most prominent crypto figures and Bitcoin Cash (BCH) supporter, criticized government’s double standards through in a recent post on Twitter. He said that governments claim monopolies are bad but they would just put in jail everyone that competes with their own monopoly.
Roger Ver Criticizes Government’s Double Standards
In this recent post, he was complaining about a billboard in which the government of Indonesia pushes individuals to use rupiah in every single transaction in Indonesia. The image says that any violation against this regulation is punishable to a maximum imprisonment of 1 year and a penalty of 200 million rupiahs.
Governments say monopolies are bad, but they'll toss you in jail for competing with their own monopoly. pic.twitter.com/fbblR7TDr0
— Roger Ver (@rogerkver) June 8, 2019
Government around the world are the only entities capable of issuing money and dealing with it. For example, Estonia was thinking about issuing its own digital currency called Estcoin and the European Central bank (ECB) decided to block this initiative.
There are other countries in Asia, such as India, that have imposed very hard regulations on virtual currencies and digital assets. Nonetheless, Indonesia has a better regulatory environment than India in terms of virtual currencies.
The virtual currency leader goes to different countries to promote digital assets, and specifically Bitcoin Cash, one of the largest and popular cryptocurrencies in the market. At the time of writing, Bitcoin Cash has a price of $385 and a valuation of $6.88 billion.