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Crypto Personality and Presidential Candidate John McAfee Goes on Exile Over Alleged Tax Fraud

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John McAfee had announced last year that he is running for the seat of the president of the U.S. in 2020. However his Presidential bid seems to have taken a new turn as the cryptocurrency evangelist announced on Tuesday, via Twitter, that he has fled the country. In the Twitter video, McAfee reveals that he is “living in exile” because he’s been charged with Tax related felonies by the Internal Revenue Service (IRS).

Despite being in Exile, McAfee is still moving on with his presidential bid. According to his video posts which was filmed on his “freedom boat”, he claims that a grand jury had indicted him, his wife, Janice McAfee and four of his campaign workers for tax related fraud issues. On the other hand, the cryptocurrency advocate has been known for his stance on taxation. He had announce his stance earlier in January  to his 890,000 Twitter followers that he will not pay taxes to the U.S. government.

John McAfee, his wife Janice and four unnamed men who may be members of his campaign team.

McAfee now suggests that the charges on fraud are a bid by the government to silence him. He however claims that he would still run his campaigns while on exile on the boat. “I will not allow them to imprison me and shut my voice down, which they will do immediately,” he says. He does not reveal his location but he claims he will be on the run for two years. However, some of his recent tweets suggests he may be on his way to Venezuela. He also revealed that he is on some kind of disguise to save himself from the government.

Since he is still determined to continue with his presidential bid, McAfee outlined his plans for running his campaign while on file. He said in a video, “You’re probably wondering how I’m going to manage my presidential campaign from a boat. He goes on to reveal that he has volunteers who are “creating masks of my face which are going to be given to thousands of people in two different groups. First our road warriors who, once a month are going to appear in parks, street corners, restaurants all around America while I speak through loud speakers through them.”

McAffee seems bent on continuing his campaign journey and reveals he is prepared for what is ahead. He also reveals that he believes that privacy based cryptocurrency will outsmart the government. He also added that “cryptocurrencies free the individual from the yoke of currency controlled by governments.”

 



What do you think about John McAfee tax fraud indictment and his desire to continue with his presidential campaign? Let us know in the comments section below.

Image credits: getty images and Twitter.

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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You Can’t Regulate Crypto, You are doomed to fail, John McAfee tells the US Government

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In a self made video posted on his personal twitter account, the creator of McAfee antivirus John McAfee has opened up on his opinion on government intervention in cryptocurrency and blockchain industry.

In the Video, the strong and vocal crypto supporter made it known to the whole world that government intervention to regulate cryptocurrency is doomed to fail. He stressed that cryptocurrency is a private thing and that it is unwise for government to attempt to regulate it.

While comparing the government’s history of regulating drugs to cryptocurrency, he said that regulations are designed to protect consumers and to make criminal activities more difficult. Regulations are to protect people from scams, schemes, coin artist and other bad actors. Giving an example, he pointed to the numerous fake twitter accounts impersonating him asking gullible people to send one BTC or half a BTC to an address and have five BTC sent back. And people do fall for these.

According to John, “anybody that stupid, you can’t protect them”. Eventually, we would need regulations to protect people from themselves. Continuing, he argued that you can’t stop anyone from doing something to themselves in private. It is impossible, he concluded.

Coming back to Drugs and Regulations, the Cuban based crypto advocate said that the US has the greatest legislation and largest force to prevent drug uses and sale, but the country still remains one of the largest drug market on the planet in spite of all the government has done. The latest drug bust of a JP Morgan Container could testify to this.

Reiterating, he said, “you can’t stop what someone does with their mind, body and money in private”. Therefore as we are doing everything in crypto in our privacy, with our devices, then the government can’t regulate crypto. Taking a swipe at the Politicians, he said “they do not understand it

Concluding, he begged the politicians to “wake up”.

John McAfee is currently in Cuba where he desires to run for the President of the United States in the forth coming elections. He has reported via twitter also of the government plans to apprehend him however, he has remained an open advocate for what cryptocurrency and blockchain mean to personal freedom. He aims to use the Presidential platform to tell the Americans and the world about Cryptocurrency and what it can do for every society.

With many voices including the US President and famous economist Nouriel Roubini coming to voice their issues with cryptocurrency, McAfee remains on

 

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Mark Cuban Bashes Facebook’s Libra, Labels It As A Big Mistake

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Mark Cuban in a recent interview bashed Facebook’s cryptocurrency – the Libra. In the interview with  CNBC, the billionaire investor called Libra a big mistake. Mark Cuban is a billionaire entrepreneur, a “Shark Tank” investor, and the owner of the Dallas Mavericks basketball team.

 

In the interview which took place today 12th July, 2019, the billionaire owner of Dallas Maverick Mark expresses his opinion on the Facebook stablecoin, that, he is not a big fan of what Facebook is doing. He then stresses that it is a big mistake and could be dangerous.

 

In his own words, he says:

“I’m not a big fan of what they’re doing there. I think it’s a big mistake.”

 

Cuban explains in plain terms that he is not more concerned with the impact Facebook’s Libra will have on the US economy. He is rather more concerned with the impact of Libra on the global scale. While speaking to Deirdre Boston, he says;

 

“I think globally and in countries where there isn’t a lot of rule of law, or a lot of government stability, or currency stability, then it could be dangerous.”

 

Making emphasis on Africa, he said:

“There’s going to be some despot in some African country that gets really upset that they can’t control their currency anymore and that’s where the real problems start occurring,”

 

Mark joins a growing list of high profile individuals such as but not limited to: the Federal Reserve Chairman, Jerome Powell, the French Finance Minister, Bruno Le Maire, the Bank of England Governor, Mark Carney, who come out to express their contrary opinion about the global financial infrastructure Facebook is about to launch. 45th President of the United States, President Donald Trump also in a tweet expressed his opinion on the Libra.

 

Donald Trump’s recent tweet against bitcoin and other cryptocurrencies has stir the crypto community. Trump specifically outlines Bitcoin and Facebook Libra. In his tweet against Libra, he writes:

 

As Facebook is set to meet the US Congress, the fate of the Facebook Globalcoin project remains hanging on the balance. It is after the Congressional hearings, onlookers would know whether Libra will launch or not and if it will, what compromise Facebook will make to see the launch of its step into cryptocurrency. With various nations expressing their stand such as India on the Libra, time will tell if Facebook will need Liberation.

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Addis Ababa to host the Africa Fintech Summit

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Addis Ababa to host the Africa Fintech Summit

On November 21, leading innovators, investors, and policy makers from around the world will gather in Addis Ababa, Ethiopia, for the 4th edition of the Africa Fintech Summit (AFTS).

With participants who represent over $4.5bn in private equity and venture capital funding, the AFTS is the premier global initiative dedicated to financial technology in Africa. The bi-annual summit occurs each April in Washington, D.C., and each November in a different African city. The AFTS Advisory Board unanimously chose Addis Ababa as the 2019 host city in recognition of its rapidly growing economy, extensive infrastructure investments across the last two decades, and ambitious reform agenda that includes partial privatization of the national telecom monopoly and
ongoing liberalization of the financial sector.

“I am thrilled that this great event is coming to Addis Ababa,” said the Honorable Getahun
Mekuria (Dr.-Ing) Minister of Innovation and Technology, Ethiopia.

“And there is no better time than Nov 2019 for this Summit to come to Addis, to show to our policy makers the great economic impacts fintechs are bringing to other economies and to prove that our current sweeping digital reforms are absolutely correct.”

H.E. Fitsum Arega, Ethiopian Ambassador to the US, added:

“I am very much pleased to welcome Africa Fintech Summit delegates to the continent 's political capital and a nexus of global events, Addis Ababa. Ethiopia's commitment to Pan-African economic growth and integration is evident from its founding membership of OAU/AU, its offer of visa-on-arrival to all African travelers, its ratification of  the African Continental Free Trade Agreement (AfCFTA) last April, and by its flag-carrier Ethiopian Airlines, which connects 61 African cities to more than 120 destinations worldwide. Ethiopia is well positioned to welcome global travelers for the Africa Fintech Summit.”

“In addition, the country’s renewed focus on digitizing the broader economy and driving greater financial inclusion through innovation, there is no better time to host the Fintech Summit in Ethiopia,” the Ambassador added.

The AFTS is organized by Dedalus Global, an investment and communications advisory focusing on emerging markets and emerging technologies, and by Ibex Frontier, an investment consultancy and route-to-Ethiopian-market advisory.

“We are extremely proud to bring AFTS to Ethiopia, the 2nd most populous nation in Africa that is at the inflicting point of digitalization, as e-commerce and financial inclusion are of prime focus both by the Government and the tech sector. We look forward to welcoming global investors and Fintech eco-system players with warm Ethiopian hospitality,” said Zekarias Amsalu, Founder & MD of Ibex Frontier.

This past April, the AFTS in Washington, D.C. hosted 200 entrepreneurs, bank executives, policy makers, and corporate influencers from over 20 countries. Past AFTS speakers include Jim Ovia, Founder and Chairman of Zenith Bank; Clinton Townsend, Director, Global Fintech at Visa; Olugbenga Agboola, Co-Founder and CEO of Flutterwave; Tayo Oviosu, Founder and CEO of Paga; Andi Dervishi, Chief Investment Officer at IFC; and Worku Gachou, Managing Director for Africa, OPIC.

The AFTS Addis Ababa will focus on the future of banking, mobile money growth and integration, policy and regulation, blockchain, digital identity, remittances, and financial inclusion. Strategic partners for the Summit include the Corporate Council on Africa, the US State Department, the US-Nigeria Council, the Congo Business Network, and PeaceTech Lab.

Figure 1 Zekarias Amsalu, Founder and Managing Director of IBEX Frontier LLC, and Leland Rice, CEO of Dedalus Global LLC, signing an MoU to jointly organize and execute the Africa Fintech Summit in Addis Ababa on November 21, 2019.

Figure 1 Zekarias Amsalu, Founder and Managing Director of IBEX Frontier LLC, and Leland Rice, CEO of Dedalus Global LLC, signing an MoU to jointly organize and execute the Africa Fintech Summit in Addis Ababa on November 21, 2019.

A limited number of delegate passes for the AFTS Addis Ababa are now on sale. To learn more or to register, visit http://africafintechsummit.com/.

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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I Am NOT A FAN OF BITCOIN AND OTHER CRYPTOCURRENCIES, SAYS DONALD TRUMP

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The 45th president of the United States, Donald Trump, has taken to his twitter handle to announce his opposition against bitcoin and other cryptocurrencies. His tweet made today, 12 July at about 1:15 am, reads “I am not a fan of bitcoin and other cryptocurrencies.”

For him, bitcoin and other cryptocurrencies are not money and they are highly volatile. He also states that the assets can facilitate unlawful behaviour. The tweet reads thus:

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….”

Olivier Jansses, a very early bitcoin adopter, entrepreneur and investor tweeted back to the president inquiring whether dollar is not based on thin air.

“So the dollar isn’t based on thin air? The gold standard is long gone and inflation is a huge hidden taxation. At least Bitcoin and Ethereum won’t be inflated & are decentral. Also, I bet you a million dollars that the dollar is used much more for illegal activity. Care to wager?” Jansses tweets.

Trump goes further to stress that Facebook’s Libra is not of the exception stating that if Facebook and other companies want to become banks, they have to seek a new Banking Charter.

“….Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National…”

He reinstates the USD currency as the only real currency in the USA and the most dominant in the world.

” …and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!” He says.

Expectedly, Trump’s tweets stirred up the crypto community. A lot of cryptoprenuers and enthusiasts streamed into the tweets to air their opinions. Among them include key figures such as: Josse Powell, and Justin Sun.

The co-founder and CEO of Krakef FX, Josse Powell, replies him thus: “Mr. President, one could say the same of unregulated fiat currencies, like the privately operated US dollar. The advantage of cryptocurrencies is that they are predictable and transparent. Regulated or not, useful tools can be used for good and evil. Don’t let the US fall behind.” He goes on to say that; “If you study crypto, you will find much to agree with. Crypto is about personal responsibility and choice. It is about free markets and competition. It is about mathematical, verifiable, perfectly enforceable regulation. Crypto is to commerce what Twitter is to speech: democracy.”

Justin Sun, the CEO of Tron and BitTorrent replies to him saying; “Mr. President, you are misled by fake news. #Bitcoin & #Blockchain happens to be the best chance for US! I’d love to invite you to have lunch with crypto leaders along with @WarrenBuffett on July 25. I guarantee you after this lunch, nobody will know crypto more than you!”

For quite a long time, the crypto community has been expecting a say from Donald Trump as the president of the United States. And now, he has just fired the long awaiting shot. As it stands, the president’s tweets are buzzing with comments and retweets, mostly against his open opposition of cryptocurrencies.

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