Plastic Gun Creator Developing Bitcoin “Dark Wallet”

Known as Dark Wallet, the program adds a second layer of encryption to a Bitcoin transaction by scrambling the letters and numbers forming a block chain.

According to Treasury Department spokesperson Stephen Hudak, U.S. security experts are concerned about the legal implications of Dark Wallet and other efforts to mask virtual currency transactions.

We’d be concerned about anything that would increase the threat level of money laundering.”

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