The Crypto Compliance Chronicles – OneSafe Blog
The world of money is ever-changing, and the lessons of the past hold weight in our digital currency age. The transition from the gold standard to fiat has shaped the financial systems we see now, and it’s evident that history has much to say about today’s crypto compliance efforts. Let’s explore how the end of the gold standard teaches lessons that echo through our current crypto landscape.
Nixon and the Fiat Shift
In 1971, Nixon made a bold move – he dropped the gold standard. This wasn’t just a minor adjustment; it meant the U.S. dollar was no longer pegged to a fixed quantity of gold, a decision that rippled through the global economy. For crypto businesses today, Nixon’s choice highlights important considerations for…
