US Government Fears Bitcoin Will Be the Next Swiss Bank Account

Bitcoins explosive growth is dramatically disrupting the monetary and banking system to such an extent that banking and government authorities are sounding the alarm. In effect, the chief of the U.S. Treasury now fears that Bitcoin will become like a Swiss Bank Account. Bitcoin Defies the Banking System Bitcoin lets you have your private bank in your electronic wallet. As a result, Bitcoin will eventually render the fiat monetary and banking system obsolete.Hence, U.S. TreasurynRead MorenThe pos