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Perry E. Metzger perry at imsi.com
Tue Aug 9 07:02:53 PDT 1994



Jim Dixon says:
> There is a small point to be made here which I think is really a big
> point.	The US government does not object to the use of financial
> instruments so long as they are backed by the US $ (or another
> accepted currency).

Yes it does. Bearer bonds are illegal in the US.

> Most of us use such financial instruments daily
> -- checks and credit cards, for examples.  Most financial transactions
> involve no cash at all.

The point is that anonymous transactions are coming under increasing
regulation. Commercial paper and the like is not a problem.

Perry






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