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Ron Paul: "Government should stay out of" Bitcoin

• Bitcoin News

Former presidential candidate Ron Paul recently urged legalization of all competing currencies, crypto and otherwise, during a televised phone interview. He discussed his views on prices going forward, particularly of gold versus the dollar, and warned about government involvement with regard to the world's most popular cryptocurrency, bitcoin.  

Former Presidential Candidate is Worried about Government Surveillance of Bitcoin Users

Two-time Republican candidate for President of the United States, and former congressman from Texas, Dr. Ron Paul, MD, explained there is "too much surveillance already on how [cryptocurrencies] are transferred, [and how] the reports have to be made by the exchanges to the IRS."

Dr. Paul might have been referring to the IRS (Internal Revenue Service) attempt to compel popular bitcoin exchange Coinbase into handing-over names of its customers in an effort to prosecute possible tax evasion. The San Francisco-based company has refused the IRS request.

Also in the interview with Daniela Cambone, Editor-in-Chief for Canadian outlet Kitco News, Dr. Paul noted how the trend seems to be of the government waiting until something grows successful enough, and then attempts to severely restrict it or punish it. "If [bitcoin] is a really good deal and a good process," he said, "rest assured the government will be looking at it very carefully."

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