So Senator, what would be or what is your biggest question on bitco? Well, exactly how is this, how is this going to be monitored? I'm certainly concerned about using [virtual currencies] for money laundering or other kind of nefarious activity. But let's face it, we're in a brave new world here with the Internet. There are no borders on the Internet in many respects. So I'm not sure how any government can actually regulate this. (01:39–01:46)
CLAIM
Expresses concern about virtual currencies being used for illegal activities like money laundering.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
