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- Embed this noticeI just addressed that relationship but yes there is a fundamental difference between a bank and government. Again, I didn't say they wouldn't cooperate if asked for the information but the government must at least ask them.
The bigger issue I would see with crypto is getting people used to it in the mainstream. I can foresee a future where USDCoin is developed by the GOV and legacy currency is deprecated. Then the gov directly has monitoring capabilities and can ban your wallet on a whim in an instant. Again, I understand that the gov can seize your bank account but they at the very least have to approach a non government entity and make the request first.