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Nick Anthony
11.7K posts

Nick Anthony
@EconWithNick
Research Fellow at the @CatoInstitute's @CatoCMFA and Fellow at the @HRF. Covering CBDCs, financial privacy, and cryptocurrency. Opinions are my own.
Katılım Ağustos 2019
419 Takip Edilen4.4K Takipçiler
Nick Anthony retweetledi

After years of fighting back against the rise of CBDCs, @EconWithNick is happy to share that the United States is the first country to prohibit its central bank from creating a CBDC. cato.org/blog/cbdc-bann…
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36 payment service providers from across the euro area have been selected for the digital euro pilot.
Starting in the second half of 2027, the 12-month exercise to test the digital euro’s features will take place at the ECB and 19 national central banks link.europa.eu/Kkw7Pv

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Nick Anthony retweetledi

Celebrate today’s win, but don’t mistake it for the end of the story. The fight against CBDCs is not over yet - just ask @EconWithNick
Congress passed a ban, but that ban expires at the end of 2030.
Nick Anthony@EconWithNick
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Vegas, I’ll be speaking alongside the legendary @naomibrockwell and @mskousen at @TheFreedomFest about financial surveillance today at 4!
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@rahul What is your response to people who would like Flock cameras removed from their neighborhoods and cities?
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What questions do you have about Flock?
Reply with your questions here.
I may not be able to get to all of them, but I will try to answer as many (good faith) questions as I can over the coming days with long-form answers in separate posts.
There is a tremendous amount of organized disinformation out there and I'm doing my best to correct it where I can.
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Nick Anthony retweetledi

EagleBank filed suspicious activity reports on a fraudster within days of the account opening in 2010. Law enforcement didn't act until 2020, and only because a bank employee personally emailed the FBI.
Cato’s @EconWithNick asks: what is the Bank Secrecy Act even doing? ow.ly/EeHs50Zmw5b
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Nick Anthony retweetledi

EagleBank Fraud Shows Failure of Bank Secrecy Act
@EconWithNick cato.org/blog/eaglebank…
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Imagine if someone were repeatedly breaking into your home, and it took the police 10 years to arrive despite your alarm system notifying them each time. Worse yet, they only ever arrived because your neighbor had a friend who is a cop. That’s effectively what happened here. cato.org/blog/eaglebank…
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Despite suspicious activity reports being filed all the way back in 2010, the fraud wasn't stopped until 2020.
At some point, we have to ask, “What is the Bank Secrecy Act even doing?”
cato.org/blog/eaglebank…
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Nick Anthony retweetledi

Postal Banking has died with zero customers.
But it's not all finished, It’s time Congress put postal banking to rest once and for all.
@EconWithNick cato.org/blog/postal-ba…
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Nick Anthony retweetledi

The Supreme Court recently concluded that “an individual has a legitimate expectation of privacy in his cellphone location data.”
Yet nobody can say phones are too indispensable to count while insisting bank accounts are optional.
@EconWithNick cato.org/blog/supreme-c…
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@0x_Osprey They refused to say. Their argument is that they had no customers, so it didn't cost anything. However, as anyone who has actually run a business knows, costs don't wait for customers.
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Nick Anthony retweetledi

Based on the arguments made in Chatrie v. United States, it’s time to recognize that the Bank Secrecy Act and warrantless surveillance of financial activity are an unjustified intrusion into people’s privacy.
cato.org/blog/supreme-c…
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As far as Slovenia's central bank is concerned, it seems the digital euro can do no wrong. cbdctracker.hrf.org
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Reflecting on the decision, Gorsuch asked, “Why is Location History data Mr. Chatrie voluntarily shared with Google not ‘truly shared’ when a person’s bank records are?”
cato.org/blog/supreme-c…
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