Partner Joe Cutler was quoted in the Nigeria Today article, “Washington State Liquor & Cannabis Board OK with Bitcoin for Pot” regarding the proposed virtual currency ban for cannabis businesses in Washington.

Joe spoke against a Bitcoin for pot ban. “Before we regulate currency [we] might want to understand how it works,” he said. “What are the benefits? What does it do? It is a transparent, auditable transaction ledger. Every transaction done today is posted to that public ledger. This idea that it’s untraceable is simply false. People say Bitcoin is anonymous, that’s also false. We call Bitcoin pseudonymous, which is better than cash. In marijuana, cash is king, and there’s no traceability of customers for cash spent in marijuana stores. In virtual currency, that is not the case.”