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Moneyness
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Economy

Moneyness - Economy

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Moneyness

10.08.2024

Moneyness: Stablecoins – a digital version of Swiss bearer savings books

Before anti-money laundering laws arrived in Switzerland, anyone could walk into a Swiss bank and open an account without showing any ID. Th...

Moneyness

01.08.2024

Moneyness: China is slowly joining the economic war against Russia

I recently shared a chart on Twitter showing Chinese exports of ball bearings to Russia. Here it is: Having accelerated after Putin's invas...

Moneyness

26.07.2024

Moneyness: Bitcoin as a tool of U.S. economic statecraft

Riot Platform's Rockdale, Texas facility, North America’s largest Bitcoin mining farm by developed capacity [ source ] Can a network that ha...

Moneyness

12.07.2024

Moneyness: Your finances are being snooped on. Here's how

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...

Moneyness

18.06.2024

Moneyness: The intensifying effort to isolate Russia's banks

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...

Moneyness

11.06.2024

Moneyness: "I didn't launder the cash, your honor. The robot did."

Crypto enthusiasts protest the trial of Alexey Pertsev As the multiple Tornado Cash legal cases wend their way through courts in the Netherl...

Moneyness

29.05.2024

Moneyness: Monetagium

An English penny minted by William the Conqueror, who brought monetagium to England. Source: History in Coins The way that a modern mafia pr...

Moneyness

09.05.2024

Moneyness: Renovatio monetae

This silver pfennig from the Archbishopric of Magdeburg (1152-1192) was subject to a policy of renovatio monetae . Twice a year whoever held...

Moneyness

20.04.2024

Moneyness: Thoughts on the Tornado Cash defence and what happens when everyone adopts it

Payments companies are regularly punished for engaging in money laundering. MoneyGram, for instance, has has to pay multiple fines . Wester...

Moneyness

12.04.2024

Moneyness: Why I'm in favor of financial illiteracy

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...

Moneyness

30.03.2024

Moneyness: The effects of Russian sanctions as portrayed in YouTube videos

Last month American provocateur Tucker Carlson visited a Russian grocery store. Because it was filled to the brim with food, Carlson claims...

Moneyness

19.03.2024

Moneyness: How PayPal can use stablecoins to avoid AML requirements and make big profits

There's a new financial loophole in town: stablecoins. Stablecoins are dollar, yen, or pound-based payments platforms that are built using ...

Moneyness

14.03.2024

Moneyness: Are the sanctions on Russia working?

I very much enjoy economist Robin Brooks's tweets, especially his charts showing how sanctions imposed on Russia have affected regional tra...

Moneyness

06.03.2024

Moneyness: It's time to get rid of "crypto"

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 ...

Moneyness

01.03.2024

Moneyness: Why my favorite coinage is Byzantine coinage

What do I like about Byzantine coinage? Most people probably admire the Byzantine solidus , a gold coin that maintained its weight and purit...

Moneyness

23.02.2024

Moneyness: The first round of U.S. secondary sanctions on Russia is working

Turkish banks halted transactions with Russian banks last month and are only slowly reintroducing payments for a narrow range of products t...

Moneyness

01.02.2024

Moneyness: What does the recent ruling on the Emergencies Act mean for your banking rights?

A Federal judge ruled last week that the emergency banking measures taken to end the Ottawa convoy protest in 2022 contravened the protesto...

Moneyness

25.01.2024

Moneyness: Do bitcoin ETFs conflict with bitcoin's original ethos?

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...

Moneyness

09.01.2024

Moneyness: It's time to impose Iran-calibre sanctions on Russia

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...

Moneyness

21.12.2023

Moneyness: Are flatcoins a good idea?

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...

Moneyness

17.12.2023

Moneyness: The long arm of OFAC and its reach into the Ethereum network

Coinbase, the U.S.'s largest crypto exchange, is openly processing Ethereum transactions involving Tornado Cash, a piece of blockchain infra...

Moneyness

06.12.2023

Moneyness: Why do sanctioned entities use Tether?

Tether, a stablecoin, has been in the news for offering sanctioned actors such as Hamas a means to participate in the global payments ecosy...

Moneyness

02.12.2023

Moneyness: Even crypto mixing deserves a threshold

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...

Moneyness

29.11.2023

Moneyness: Are central banks too reliant on SWIFT for domestic payments?

Central bank settlement systems are the the tectonic plates of the payment system: they are vitally important to our lives, but we never see...

Moneyness

21.11.2023

Moneyness: Is it legal to mix cash in a jar?

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 ...

Moneyness

17.11.2023

Moneyness: Kraken v Kraken, or how to protect the public from crypto exchange failures

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...

Moneyness

15.11.2023

Moneyness: In praise of anti-money laundering thresholds

Two seemingly separate stories, a crypto and a banking story, have a common thread in anti-money laundering thresholds. In the first story, ...

Moneyness

09.11.2023

Moneyness: How would a cash-only central bank conduct monetary policy?

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...

Moneyness

18.10.2023

Moneyness: Crypto adoption in America

Source: America Loves Crypto You may have recently come across the America Loves Crypto marketing campaign, sponsored by Coinbase, the U.S....

Moneyness

16.10.2023

Moneyness: Inflation as a tax

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 ...

Moneyness

13.10.2023

Moneyness: Thoughts on Privacy Pools and the law

Here's my quick first-pass take on Privacy Pools , the heir apparent to privacy tool Tornado Cash. My comments are on the legal side, and le...

Moneyness

13.10.2023

Moneyness: Top 13 blog posts

I've been writing on this blog for a while now – over ten years. Many of those posts are now forgotten (by myself included), but some were...

Moneyness

13.10.2023

Moneyness: How to debase the coinage in order to pay for wars

Henry VIII, after Hans Holbein the Younger It's fun to imagine traveling back in time and engaging with the then-prevailing technologies. Wo...

Moneyness

13.10.2023

Moneyness: Coinbase: "What if we call them rewards instead of interest payments?"

Here's a question for you: which U.S. financial institutions are legally permitted to pay interest to retail customers? We can get an answer...

Moneyness

19.09.2023

Moneyness: How did Zcash avoid getting OFAC'ed?

The 2022 sanctioning of privacy tool Tornado Cash by the Office of Foreign Assets Control (or OFAC, the U.S.'s sanctioning authority) has...

Moneyness

12.09.2023

Moneyness: There are now two types of PayPal dollars, and one is better than the other

PayPal now offers its customers two types of U.S. dollars. In addition to having the option of opening a traditional PayPal account to maint...

Moneyness

07.09.2023

Moneyness: Circle says its USDC stablecoin was as diversified as possible. Is that accurate?

There's a good article by Leo Schwartz on stablecoin issuer Circle, which provides some clarity into last March's big depegging of the USDC...

Moneyness

31.08.2023

Moneyness: Who are the money launderers in the Tornado Cash stack?

Over the last few years I've written a bunch of posts about Tornado Cash, an Ethereum-based mixing service, because I find it to be a fas...

Moneyness

29.08.2023

Moneyness: Who should pay for scams? Victims or their banks?

Scam call centre on CCTV, via BBC . Here's a question for you. Should banks be required to reimburse customers who have been scammed? I was ...

Moneyness

21.08.2023

Moneyness: Central bank digital currencies and the fallacy of immaculate adoption

I recently noticed that the Bank of Jamaica, Jamaica's central bank, has implemented two new marketing strategies to drive adoption of its ...

home›Moneyness›Economy

Moneyness - Economy

Moneyness: Stablecoins – a digital version of Swiss bearer savings books

Moneyness: China is slowly joining the economic war against Russia

Moneyness: Bitcoin as a tool of U.S. economic statecraft

Moneyness: Your finances are being snooped on. Here's how

Moneyness: The intensifying effort to isolate Russia's banks

Moneyness: "I didn't launder the cash, your honor. The robot did."

Moneyness: Monetagium

Moneyness: Renovatio monetae

Moneyness: Thoughts on the Tornado Cash defence and what happens when everyone adopts it

Moneyness: Why I'm in favor of financial illiteracy

Moneyness: The effects of Russian sanctions as portrayed in YouTube videos

Moneyness: How PayPal can use stablecoins to avoid AML requirements and make big profits

Moneyness: Are the sanctions on Russia working?

Moneyness: It's time to get rid of "crypto"

Moneyness: Why my favorite coinage is Byzantine coinage

Moneyness: The first round of U.S. secondary sanctions on Russia is working

Moneyness: What does the recent ruling on the Emergencies Act mean for your banking rights?

Moneyness: Do bitcoin ETFs conflict with bitcoin's original ethos?

Moneyness: It's time to impose Iran-calibre sanctions on Russia

Moneyness: Are flatcoins a good idea?

Moneyness: The long arm of OFAC and its reach into the Ethereum network

Moneyness: Why do sanctioned entities use Tether?

Moneyness: Even crypto mixing deserves a threshold

Moneyness: Are central banks too reliant on SWIFT for domestic payments?

Moneyness: Is it legal to mix cash in a jar?

Moneyness: Kraken v Kraken, or how to protect the public from crypto exchange failures

Moneyness: In praise of anti-money laundering thresholds

Moneyness: How would a cash-only central bank conduct monetary policy?

Moneyness: Crypto adoption in America

Moneyness: Inflation as a tax

Moneyness: Thoughts on Privacy Pools and the law

Moneyness: Top 13 blog posts

Moneyness: How to debase the coinage in order to pay for wars

Moneyness: Coinbase: "What if we call them rewards instead of interest payments?"

Moneyness: How did Zcash avoid getting OFAC'ed?

Moneyness: There are now two types of PayPal dollars, and one is better than the other

Moneyness: Circle says its USDC stablecoin was as diversified as possible. Is that accurate?

Moneyness: Who are the money launderers in the Tornado Cash stack?

Moneyness: Who should pay for scams? Victims or their banks?

Moneyness: Central bank digital currencies and the fallacy of immaculate adoption

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