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Title: [2016-11-08]Bitcoin May as Well Impart Transparency into Swiss Banks Post by: WishICanTurnBackTime on November 09, 2016, 11:15:53 AM Bitcoin May as Well Impart Transparency into Swiss Banks The increasing popularity of cryptocurrencies has got Bitcoin making inroads into the mainstream financial ecosystem. With more people using Bitcoin as a medium of exchange and store of value, there are concerns of digital currency being used by wealthy individuals for tax evasion, money-laundering, and other illegal activities. Among few circles, Bitcoin has been equated to the Swiss bank accounts, which were once well-known for privacy and anonymity (more like pseudonymity). Being a decentralized cryptocurrency, Bitcoin enjoys no interference from any third party organizations or governments. This very feature makes it a popular financial instrument to circumvent various regulatory restrictions. However, the privacy and “anonymity” associated with Bitcoin is in no way comparable with that of Swiss bank accounts. http://www.newsbtc.com/2016/11/08/bitcoin-swiss-bank-transparency/ |