Re:Sugar industry secretly paid for favorable Harvard research
by pif on Tuesday September 13, 2016 @08:15AM
(#12487413)
> What does that regulation stop other then people not using bank accounts?
In France, if you don't have a bank account, you don't exist :-) Seriously, everybody just assumes you have a bank account. Otherwise, it looks fishy.
> How could this possibly stop any real crime?
Directly: hold-up is pointless with no cash. Cheques are useless and credit cards can be easily blocked.
Indirectly: the whole point of banning cash is to prevent untraceable financial transactions from being performed. This is supposed to be annoying for criminal activities.
> How would that even work since it was online in France?
I'm not sure I got your question. Please keep in mind that the threshold is on _cash_ transactions, not on every transaction. As far as it is traceable, no amount is forbidden.
In France, if you don't have a bank account, you don't exist :-) Seriously, everybody just assumes you have a bank account. Otherwise, it looks fishy.
> How could this possibly stop any real crime?
Directly: hold-up is pointless with no cash. Cheques are useless and credit cards can be easily blocked.
Indirectly: the whole point of banning cash is to prevent untraceable financial transactions from being performed. This is supposed to be annoying for criminal activities.
> How would that even work since it was online in France?
I'm not sure I got your question. Please keep in mind that the threshold is on _cash_ transactions, not on every transaction. As far as it is traceable, no amount is forbidden.