> “Policymakers and regulators are getting worried. Pretty much every G20 policymaker is talking about a crackdown,” Roubini told Bloomberg Television. “We can’

> “Policymakers and regulators are getting worried. Pretty much every G20 policymaker is talking about a crackdown,” Roubini told Bloomberg Television. “We can’t allow it to become the next Swiss bank account for use by criminals and people evading tax.” I've heard the "prevent the next Swiss bank account" thing a few times now, and it still looks like the most baldly corrupt aspect of this whole show. Actual Swiss bank accounts are still a thing people have, and are still being used by the wealthy to avoid taxes on a routine basis, and everyone knows it. But actual Swiss bank accounts have a stable legal status and no one's really going after them. What's the difference between "the next Swiss bank accounts" and the current ones? Perhaps it's that Bitcoin is available to much less wealthy classes of people. Or perhaps the right people have big Swiss accounts and haven't gotten around to diversifying into crypto yet. But I haven't seen a good account of the difference.