Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.
Bitcoin used to be a great way to transmit money if you didn't want anyone to know what you were doing. You could find some shady operator to accept bags of cash in exchange for Bitcoin, which you could then send around the world, hiding behind a string of numbers and letters, without the watchful eye of pesky intelligence agents or compliance officials.
