Jesper Vestergaard reports in the MetroXpress, the National Danish newspaper on June 15, 2006
The artist behind the art money phenomena has been denied permission to use the word “bank” on his web site. If Lars Kraemmer does not change the name, he risks four month in prison.
"Limitation to artistic freedom"
Mogens Holbøll is a legal advisor and chief secretary in the artist union BKF, and he handles the case of Lars Kraemmer. He beliveves that the Danish Financial Advisory Board suffers from a severe case of tunnel vision.
“The decision shows a clear assault to artistic freedom. I respect the work of DFAB that helps protect consumers against false financial institutions. But in this case their judgement have failed completely. Nobody can mistake this for a real bank.
The quotes are taken from the BIAM's website and are missing something in the way of language.
But what's clear is that they do begin a journey closer to the slippery slope by calling themselves a "bank" and regulating of the Art Money including the valuation and the increase over time.
Yet there have to be some regulations, don't there?
And, on the other hand, there are blood banks and sperm banks so . . .
What do you think?
Also Interesting -
Not exactly on topic but cool to look at Numismondo - images of world paper money
Ithaca Hours - a local currency program, and food for thought
Art money for animals in need - http://www.craftersforcritters.com - a confusing link which does not lead to a clear landing spot