Roger Ver Says LocalBitcoins is Full of Undercover Agents Looking to Arrest Crypto Investors


Roger Ver Says That Undercover Agents Go On LocalBitcoin and Arrest Investors

One of the biggest names in the crypto ecosystem and the biggest proponent of Bitcoin Cash recently attended the Delta Blockchain Summit held in Malta where he made some startling revelation.

Talking about bitcoin core, he said,

“There was absolutely no doubt in my mind that people were going to start using it as money. And like anything, the price is set by supply and demand. Because the supply of Bitcoin was limited, as more and more people demanded to start using it as money, the price would have to go up and go up a lot.”

He reiterated the same points, that he has been pontificating on, in the past one year. He said,

“If you look at it objectively, Bitcoin Cash is the same version of Bitcoin described in the Bitcoin white paper. It is the same version of Bitcoin that I got involved with in 2011 and started investing in. I am investing in that because it is the exact same version of Bitcoin that I have been involved in for almost eight years, full time.”

He even added that New York doesn’t seem to be a place that tends to accept cryptocurrencies or very friendly towards blockchain and cryptocurrency ecosystems in general. This opinion, comes as bit of a shock especially since, the Securities and Exchange Commission (SEC) has been taking steps to bring about regulations for cryptocurrencies.

When asked if the United States of America has a fair regulatory framework in this space Ver said,

“No, it’s not fair. [The government officials] literally have secret undercover government agents going on LocalBitcoins, trying to buy Bitcoins from people. And when they sell them the Bitcoins, they arrest the people and toss them in jail for years. This is madness! And this needs to [be] stopped. It is madness [that is] happening in the U.S.!”

According to Roger, the US doesn’t even come close when it comes to countries with best crypto regulatory policies. He added:

“Malta is definitely toward the top of that list — it is not at the very top, [though].”

There are countries that have the most economic freedom around the world — Singapore, Hong Kong, Switzerland, Malta, Cyprus. You are living on the edge by doing business in the U.S. — when it comes to cryptocurrency. The U.S. is falling further and further down that list of countries with economic freedom around the world, and it is sad. As someone who is originally from the U.S., it is sad to see that.

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