Before anti-money laundering laws arrived in Switzerland, anyone could walk into a Swiss bank and open an account without showing any ID. The bank would then issue you something called a bearer savings book, otherwise known as inhabersparheften or livrets d’épargne au porteur. Ownership of the savings book was considered by the bank to be…
Stablecoins – a digital version of Swiss bearer savings books
Stablecoins – a digital version of Swiss bearer savings books
13 Aug 2024 Leave a comment
in history of economic thought, law and economics, macroeconomics, monetary economics, property rights Tags: bitcoin, Switzerland
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