Big Banks Prepare for Compliance Based Currency: America's Sixth Default Is Coming - What It Means

America's Sixth Default Is Coming - What It Means
Big Banks Prepare for Compliance Based Currency: America's Sixth Default Is Coming - What It Means

2 days ago — Explore the emerging trend of compliance-based currency and what it means for big banks in today's financial landscape.

Google AI Overview

"Compliance-based currency" is not a standard financial term, but it is used in the context of cryptocurrencies and digital assets to refer to a currency that is subject to, or designed to enforce, regulatory standards. The concept stems from the increasing efforts by global financial regulators to apply traditional anti-money laundering (AML), counter-terrorist financing (CTF), and securities laws to the crypto space.

A "compliance-based currency" would have built-in features to ensure adherence to regulations, which is in direct contrast to the early ideals of decentralized, regulation-free cryptocurrency.

Mainstream adoption: For digital assets to be widely adopted by established financial institutions and the general public, they must operate within a clear, trusted legal framework.

referenced HR 192 public law 73-10, spoken on by James Traficant, and duly being an Indigenous Aboriginal American Moor, it would be an absolute dishonor and fraud to utilize federal reserve notes, or tender representing reserve notes, reporting under someone else’s signature, as I am in Propria persona Sui Juris.

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