As I stated in September, governments will always find a way to squash any threat to the established currency.
That was one of my biggest qualms with cryptocurrencies; almost nothing is or can be anonymous in an age of Big Brother government.
It seems it has already started.
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THE EUROPEAN Union has proposed a Bitcoin database to track the identities of users in a crackdown to fight terrorism and money laundering.
The move would see a central database holding key data on everyone who bought or sold Bitcoin on digital exchanges.
A new amendment to the anti-money laundering directive outlined the plan proposing a “central database registering users’ identities and wallet addresses”.
When the crackdown was first announced Europe’s Justice Commissioner Vera Jourova said: “Today’s agreement will bring more transparency to improve the prevention of money laundering and to cut off terrorist financing.”