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New bearer bonds were outlawed forty years ago is why.


The world extends beyond the US. The Panama Papers showed that bearer bonds were alive and well all the way until the mid-2010s, and Panama itself only phased them out in 2015.


Which is why I think it's absurd to think it's a coincidence that the rise of crypto happened at the exact same time world financial task-forces snuffed out bearer bonds and offshore anonymous accounts.


I wonder what percentage of old companies are still owned by « bearer » shares.

At least investment/corporate bonds usually expire, so the bearer ones eventually wash out.




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