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/
