Under the Notice of Proposed Rulemaking submitted to the Federal Register today, banks and money services businesses would be required to submit reports, keep records, and verify the identity of customers in relation to transactions above certain thresholds involving CVC/LTDA wallets not hosted by a financial institution or CVC/LTDA wallets […]

What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful consequences. There is an answer, though, and this lies in ending the money production monopoly of […]