Roger Ver No Longer Believes Cryptocurrencies Should Be Private By Default

According to early cryptocurrency advocate and Bitcoin.com Executive Chairman Roger Ver, privacy in cryptocurrencies should not be enabled by default, as is the case in some popular privacy coins such as Monero.

In a recent presentation before a Bitcoin Cash meetup in London, Ver was asked about his position on the issue of privacy during the question and answer period. He responded that he has changed his previous opinion on privacy coins, stating that obscured transactions by default can cause complications for regulators:

“I actually changed my opinion pretty substantially on privacy coins in general. I used to think that the ideal cryptocurrency would be totally private all the time, every time, by default. If you purely look at the characteristics of what makes money money, I think that’s still correct, but if you look at the practical world we’re living in we’re already seeing governments telling exchanges and businesses that they’re not allowed to use…