I'm about 90% certain he actually said "shadow currency" and it's been transcribed wrong.
He uses the term "shadow currency" elsewhere.
Of course, that's still intended to make it sound scary.
He uses the term "shadow currency" elsewhere.
Of course, that's still intended to make it sound scary.
And the what turns up if you start looking around at what there is out there for "shadow currency":
"Shadow currency: how Bitcoin can finance terrorism" (from two days ago)
And from "The US Regulatory Vice Closes On Bitcoin" (from one day ago): "Chilton's remit to regulate this "shadow currency" is predicated on it becoming a basis for derivative contracts as opposed to purely transactional (akin to the monitoring of physical oil transactions that can influence crude futures.)"
...I would say you are correct with almost without any doubt.
Can anyone find the audio for this quote? The version I heard of the CNBC interview didn't contain this sentence...