In addition to addressing the risks that caused the last crisis, the Financial Stability Oversight Council should be comparing notes about cyber threats with the national security agencies.
It's not just the anonymity. Like cash and Bitcoin transactions, Liberty Reserve transfers were non-reversible, and that's important to certain merchants.
To survive, Bitcoin businesses will have to do more than "de-anonymize" their operations. They will also have to cope with the loss of the digital currencys most fundamental characteristic: irrevocability.
The government actions against Liberty Reserve and Mt. Gox underscore the importance of regulatory expertise to digital currency startups. Hence Liberty City Ventures has retained former Treasury officials as advisors.
The tech company's new services represent a virtual slap in the face for the likes of banks and PayPal. If added to Google Glass, they potentially represent a knockout punch.
