Former presidential candidate Ron Paul urged legalization of all competing cryptocurrencies to fiat during a televised phone interview with The Street’s Daniela Cambone, Editor-in-Chief for Canadian outlet Kitco News…
As Coinivore reports, Paul noted how the trend seems to be that the government waits until something grows successful enough and then attempts to severely restrict it with regulations.
“If Bitcoin is a really good deal and a good process,” he said, “rest assured the government will be looking at it very carefully.”
Government interest in Bitcoin “makes me a little bit nervous,” he added, “people should be very cautious.”
As for currency competition, “If the people want Bitcoin and want to use it, the government should stay out of it,” he told Cambone.