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Bitcoin’s founder, Satoshi Nakamoto, has supported the idea that cryptocurrencies go well with libertarianism. The Financial Action Task Force (FATF) has defined cryptocurrency-related services as “virtual asset service providers” (VASPs) and recommended that they be regulated with the same money laundering (AML) and know your customer (KYC) requirements as financial institutions. In May 2020, the Joint Working Group on interVASP Messaging Standards published “IVMS 101”, a universal common language for communication of required originator and beneficiary information between VASPs. The rise in the popularity of cryptocurrencies and their adoption by financial institutions has led some governments to assess whether regulation is needed to protect users. Hayek advocates a complete free market in the production, distribution and management of money to end the monopoly of central banks.