"This will lead to public support for laws that extend things like KYC down to even small ordinary transactions and the government knowing how much you have and

"This will lead to public support for laws that extend things like KYC down to even small ordinary transactions and the government knowing how much you have and how much you spend and where it all came from and where it all goes. To make that work the government will need a lot more surveillance but the public will be fine with that.' Just recently we've had scandals with Credit Suisse and HSBC banking criminals and laundering drug money, add in all the tax heavens which are fully in UK/US jurisdiction and I think total volume of bitcoin transactions willvpale in comparison