Roger Ver Sent Governor of Jeju Island $100 in Bitcoin Cash

in #mgsc6 years ago

Roger Ver Sent Governor of Jeju Island $100 in Bitcoin Cash, Did it Violate Local Policy?

Roger Ver, a prominent cryptocurrency investor who has backed some of the largest companies in the global crypto sector such as Blockchain, Zcash, BitPay, and Kraken, recently sent the governor of Jeju Island of South Korea $100 worth of bitcoin cash at a public event.
Over the weekend, Ver visited Jeju Island to promote the usage of cryptocurrency and discuss the future of the blockchain industry with the island’s governor, Won Hee-ryong, who has publicly expressed his intent to evolve Jeju Island into the next Zug and Malta of Asia with favorable regulatory frameworks targeted at cryptocurrency businesses.
As Ver tried to send $100 in bitcoin cash to Governor Won, one of the associates told Ver, “in South Korea, there’s a policy called the “Kim Yeong-Ran rule,” to which Ver responded, “is there a legal problem in sending a payment to the governor?”
Governor Won stepped in and told Ver that in the country, it is not appropriate for individuals in a higher ranking, especially government officials, to take items, gift cards, and money worth more than $30 in a single transaction. Hence, technically, Ver sending $100 to Governor Won could violate the Kim Yeong-Ran rule, as the amount is larger than $30.
However, Governor Won emphasized to Ver and the rest of the participants of the conference that he was only bantering and that in this situation, the Kim Yeong-Ran rule doesn’t apply because it was dealt with in a public event and it will be recorded as a special payment by the government, which could be used to fund charities.rogerver-400x267.jpg12WW.jpg

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