Cody Wilson, the inventor of the first-ever 3D-printed firearm, is leading an effort to develop a new kind of Bitcoin wallet, the Wall Street Journal reported on December 31.
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."
Want to learn more about Bitcoin? Check out the latest edition of the PYMNTS Bitcoin Bubble Tracker by clicking here.
"What's Hot" is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.