A Lesson From History: Liberty Reserve

https://www.linkedin.com/posts/martin-c-w-walker-b8a97b5_liberty-reserve-was-an-early-digital-currency-share-7420949823350026240-jCDc

Martin Walker, Product Manager Senior Lead at FIS, considers the case of Liberty Financial, an early digital currency that could be transferred almost instantly anywhere in the world and converted to dollars. Unfortunately, the lack of KYC and AML checks would get the owners into trouble.