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And every once in a while, you’ll come across a movie that features bearer bonds as the mark of choice.

With their keys, cryptocurrencies are, in some ways, more like old-time bearer bonds.

These were what are known as bearer bonds.

Because the bonds were “bearer bonds” and never traded on electronic markets, the hedge fund has dealt with many individuals and groups to collect physical certificates.

That includes recent inquiries from the Securities and Exchange Commission and federal prosecutors in Brooklyn into the possibility of illegal sales of so-called bearer bonds and other unregistered securities to people in the United States.