Most financial surveillance is the state conscripting private institutions to watch on its behalf, and Rothbard's intervention typology names the mechanism.
Triangular intervention dominates the field. The Bank Secrecy Act forces banks to report customer transactions, KYC conditions account access on identity disclosure, and the FATF Travel Rule extends the same logic to virtual-asset service providers. CBDCs narrow or remove the commercial-bank buffer entirely.
Triangular intervention dominates the field. The Bank Secrecy Act forces banks to report customer transactions, KYC conditions account access on identity disclosure, and the FATF Travel Rule extends the same logic to virtual-asset service providers. CBDCs narrow or remove the commercial-bank buffer entirely.
