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Moneyness
18.12.2024
What follows is an essay on how my thinking on bitcoin has changed since I began to write on the topic starting with my first post in Octobe...
14.12.2024
When we first learn about money and banking in high school or university, we are all taught that money has three functions: medium of exchan...
06.12.2024
The next chapter in the Tornado Cash saga just dropped. Last week a court ruled last that Tornado Cash, a bot that can be used for obfuscati...
26.11.2024
I began exploring the topic of financial privacy and payment anonymity in the early days of this blog. Over the past decade, my views have s...
21.11.2024
Banknotes are useful. Not only do they provide their owner with a standard set of payments services, they also offer financial anonymity. ...
09.11.2024
On the last day of 1945, with World War II finally behind it, Finland's government announced a new and very strange policy. All Finns were r...
31.10.2024
Cypherpunks wanted to change the world. We ended up with memecoins. Our story begins with some very smart and idealistic developers, known a...
22.10.2024
The Swiss 10-centime coin has a lot to teach us about monetary economics. On its face, the Swiss 10-centime (rappen in German) looks like a ...
03.10.2024
Ed Conway of Sky News recently published a very good investigation on sanctions evasion being carried out through the Caucasus. He visits t...
15.09.2024
Everyone agrees that money laundering laws apply to DeFi. The question is: how to apply them? DeFi, or decentralized finance , is an emergin...
10.08.2024
Before anti-money laundering laws arrived in Switzerland, anyone could walk into a Swiss bank and open an account without showing any ID. Th...
01.08.2024
I recently shared a chart on Twitter showing Chinese exports of ball bearings to Russia. Here it is: Having accelerated after Putin's invas...
26.07.2024
Riot Platform's Rockdale, Texas facility, North America’s largest Bitcoin mining farm by developed capacity [ source ] Can a network that ha...
12.07.2024
We all have a pretty good idea that our finances are being snooped on, but most of us aren't quite able to articulate how. We know that we'r...
18.06.2024
Last week the U.S. government expanded the coverage of its secondary sanctions to encompass most of Russia's banks. It's a very big step, o...
11.06.2024
Crypto enthusiasts protest the trial of Alexey Pertsev As the multiple Tornado Cash legal cases wend their way through courts in the Netherl...
29.05.2024
An English penny minted by William the Conqueror, who brought monetagium to England. Source: History in Coins The way that a modern mafia pr...
09.05.2024
This silver pfennig from the Archbishopric of Magdeburg (1152-1192) was subject to a policy of renovatio monetae . Twice a year whoever held...
20.04.2024
Payments companies are regularly punished for engaging in money laundering. MoneyGram, for instance, has has to pay multiple fines . Wester...
12.04.2024
I'm not a fan of mandatory investor education classes. The issue was brought up recently by former chair of FDIC, Sheila Bair, who sees s...
30.03.2024
Last month American provocateur Tucker Carlson visited a Russian grocery store. Because it was filled to the brim with food, Carlson claims...
19.03.2024
There's a new financial loophole in town: stablecoins. Stablecoins are dollar, yen, or pound-based payments platforms that are built using ...
14.03.2024
I very much enjoy economist Robin Brooks's tweets, especially his charts showing how sanctions imposed on Russia have affected regional tra...
06.03.2024
Call me a pedant, but I'm not a fan of the word "crypto". It may have been a serviceable category back in 2011 when there was only one type ...
01.03.2024
What do I like about Byzantine coinage? Most people probably admire the Byzantine solidus , a gold coin that maintained its weight and purit...
23.02.2024
Turkish banks halted transactions with Russian banks last month and are only slowly reintroducing payments for a narrow range of products t...
01.02.2024
A Federal judge ruled last week that the emergency banking measures taken to end the Ottawa convoy protest in 2022 contravened the protesto...
25.01.2024
Some folks are suggesting that a bitcoin ETF is absurd because it doesn't fit with Bitcoin's original ethos. On the contrary, I think it's a...
09.01.2024
Russia is sometimes described as the world's most sanctioned nation. And while that's true , the long list of sanctions that the G7 coalitio...
21.12.2023
I'll start with the conclusion. I don't think flatcoins are a good idea. The idea for flatcoins has been around for a while, but it got a wi...
17.12.2023
Coinbase, the U.S.'s largest crypto exchange, is openly processing Ethereum transactions involving Tornado Cash, a piece of blockchain infra...
06.12.2023
Tether, a stablecoin, has been in the news for offering sanctioned actors such as Hamas a means to participate in the global payments ecosy...
02.12.2023
Many of you may not realize this, but in most parts of the developed world, banks automatically record and report our transactions to law en...
29.11.2023
Central bank settlement systems are the the tectonic plates of the payment system: they are vitally important to our lives, but we never see...
21.11.2023
Chris Blec asks the following question: Source: Twitter Chris's premise is that it is "not illegal" for him to get together with a bunch of ...
17.11.2023
It's been a full year since FTX International and FTX-US collapsed, and the shocking thing is – there is still no regulated crypto venue i...
15.11.2023
Two seemingly separate stories, a crypto and a banking story, have a common thread in anti-money laundering thresholds. In the first story, ...
09.11.2023
What role do changes in the supply of banknotes play in contributing to a central bank's ability to carry out monetary policy? Put different...
18.10.2023
Source: America Loves Crypto You may have recently come across the America Loves Crypto marketing campaign, sponsored by Coinbase, the U.S....
16.10.2023
Last week I explored how Henry VIII resorted to coin debasement as a way to raise revenues in order to fight his wars. This provided Henry ...