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Tuesday, October 31, 2017

Crypto News: Politician Ron Paul: US Government Should 'Stay Out' of Bitcoin

Politician Ron Paul: US Government Should Stay Out of Bitcoin

Former U.S. lawmaker and presidential candidate Ron Paul doesn't think cryptocurrencies should be considered money, but he's "amazed" by their growth.

In an interview with financial news organization TheStreet last week, Paul put forth a range of views on the subject, stating that while he isn't an expert, he does support the technology insofar as it can help the legalization of alternate currencies in the U.S.

However, while Paul was ambiguous about whether he believes cryptocurrencies will be able to serve as money (noting his preference for gold or precious metals), he was adamant about one point – that the U.S. government's involvement in the oversight of the technology should be limited.

Paul told the news source:

"If people want to use it, the government should stay out of it."


Full story at http://bit.ly/2xFpngg


Source: CoinDesk


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