When Franklin Roosevelt signed the Banking Act of 1933, he destroyed bank architecture in the United States. Customers of banks insured by the newly-created FDIC no longer had to worry about bank solvency. As a result, the steps banks had previously taken to reassure customers of thei...
n a sign of the times, FinCEN, the US Treasury Department agency in charge of combatting money laundering, issued guidance on Monday on the regulatory status of Bitcoin users and exchanges . Although some, like my friend and Cato adjunct scholar Tim Lee, believe that the guidance is b...
