Re: FinCEN hates cybercash, who 'da thunk it...

[Duncan Frissell <frissell@panix.com>]

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>But Stanley Morris of the United States Treasury, who chaired a FAFT
>working group which drafted the report, told a news conference that 
>law enforcement agencies would face 'very major new challenges' if new
>technology moves the world "to a cashless society, beyond banks, cash
>and borders."

Oh No!  First they told us that they were all in favor of a cashless society
because they could track all the transactions.  It was their Orwellian
Dream.  Now Nirvana has almost arrived and they're afraid of it.  Can't
they make up their minds?

I noticed the problem long about 1975 when I noticed that the spread of
ATM cards was actually the spread of a bearer instrument and would
not satisfy the control needs of the regulatory types.

DCF
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