Local currency can be a great way to keep money in your community and support the amazing businesses that make your town unique. However, every alternative economic system comes with its own legal considerations.
Enter Bernard Von NotHaus, the architect of the Liberty Dollar, a private currency. Last year he was convicted of counterfeiting and labeled a “domestic terrorist,” by the FBI. Since the Liberty Dollar is an alternative currency, akin to the BNote, Bay Bucks, and other local currencies, several have raised the: “Are we doing something illegal too?” question.