Dressed in disguise: how accounting rules hide the flaws of the fractional reserve banking system

Written by Jason Meyers, lead architect of Auditchain Labs AG

Bank failures have put accounting rules in the spotlight; the public now sees how they cover up the capital base of banks and distrust for the centralised fractional reserve banking system is at an all-time low.

Bitcoin, accounting rules and bank failures are also raising fresh concerns about the soundness of fiat money itself. As interest rates rise, th…