Quote to Note: Digital Currencies and Old School Swiss Bank Accounts

January 13, 2018

I noticed “Bitcoin Shouldn’t Become the New Swiss Bank Account: Mnuchin.” In my DarkCyber video program, I have mentioned the efforts of authorities to put a dog harness on digital currencies. Now I have a quote to note:

Dominant digital currency bitcoin should not be allowed to become the Swiss bank account of the modern era used to hide illicit activity, Treasury Secretary Steven Mnuchin said Friday.

One other factoid, assuming that the write up is accurate. Cooperative pressure on digital currencies is now a reality for fans of digital currencies. What countries are on Mr. Mnuchin’s team? The G20 countries. The list includes the European Union and others. I know this is almost 50 countries, but G20 has a bit of cachet.

That “follow the money” idea is tough for governments to shake.

Stephen E Arnold, January 13, 2018

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