"In Australia, starting in July of next year, businesses will no longer be able to accept cash payments over AUD10,000. These increasingly onerous regulatory mechanisms cause financial institutions to ‘de-risk’ and exit certain markets since they are unable to adequately assess the provenance of the money their customers wish to transact."

#AlastairBerg, 2018

https://sites.duke.edu/thefinregblog/2018/08/23/anonymous-money-is-fungible-money/

#FutureOfMoney #cash

Anonymous Money is Fungible Money

Courtesy of Alastair Berg[1] Fungibility is a key characteristic of money.  This has long been taught to students in high school and university economics courses. A rational individual should be in…

The FinReg Blog