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Comment: It's a pity that BND is unique...

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In reply to comment: This debunks nothing. (see in situ)

It's a pity that BND is unique...

I want a similar state bank in Minnesota.

"The Federal Reserve allows BND to exist..."

However true that is, it seems ironic to me. The restrictions on BND are for the most part what makes it a great institution. It's mission, charter, and largesse of restrictions remain indifferent to forms of legal tender. It would remain largely unchanged if it dealt in gold, silver, non-FRB credit, other debt, or even bitcoin.