By CCN: “The war has begun.” Thus thundered enigmatic crypto celebrity John McAfee as he issued an all-caps rebuke to India’s bombshell proposal to ban bitcoin ownership and slap offenders with draconian 10-year prison sentences.
John McAfee: Anonymous Must Step Up to Fight India's Draconian Bitcoin Ban Bill
Ranting at the proposal in two now-deleted tweets, the software-developer-turned-crypto-promoter did not mince words about the “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill,” which seeks to prohibit bitcoin ownership and force residents to use a state-run digital currency alternative.
“The war has begun. An entire nation wishing to free itself is now punished for using the instrument of freedom,” he said.
Not content to merely wage a war of words, McAfee proposed concrete action to fight the draconian policies of India’s anti-crypto regime. What action? He called on notorious hacktivist group Anonymous to “step up to the plate” and defend bitcoin users in the world’s second-largest country.
“If there ever was a time for Anonymous to step up to the plate, that time is now!”
Crypto Ownership at Risk in World's Second-Largest Country
As CCN reported, Indian lawmakers proposed that the government should make bitcoin ownership illegal and deal out 10-year prison sentences to people who touch cryptocurrenices, even indirectly.
This includes users who:
“mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies, directly or indirectly.”
Further still, anyone caught generating profits from their bitcoin dealings would find themselves buried under a fine equal to three times their profits.
All Indian bitcoin investors would have just 90 days to report their holdings to the government and then dispose of them, almost certainly at prices well below their value on the global market.
McAfee Teases 'Freedom Coin' Cryptocurrency
In any case, "freedom" has been a consistent theme in McAfee's Twitter feed.
Last month, he announced that he would launch his own cryptocurrency, called "Freedom Coin," which he told CCN would "Free crypto from the bonds if (sic) the system we are trying to replace."
He's also thrown his hat into the ever-widening ring of the 2020 US presidential election. His campaign slogan? "Don't Vote McAfee."
My campaign: our current government is doing everything to try to restrict and control cryptocurrencies. But this powerful tool, combined with a will to use it for it's intended purpose, can free us. A TRUE government would do everything within its power to free it's people.
— John McAfee (@officialmcafee) June 5, 2019