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Re:In praise of cash by icebraining on Saturday March 04, 2017 @09:34AM (#13791034)
Multiple European countries already forbid cash payments over a few thousands euros. In my country the law is just being proposed: anything over 3000€ must be done using electronic systems (read: banks) or you risk getting a fine equivalent to 25% of the amount over the limit.
Re:In praise of cash by ksec on Sunday March 05, 2017 @07:52AM (#13795781)
Am I the only one who find this.. upsetting? It basically means Government will know every money you have owed and spent.
Re:In praise of cash by joshontheweb on Saturday March 04, 2017 @11:26PM (#13794594)
What is the reasoning behind this?
Re:In praise of cash by Calcite on Sunday March 05, 2017 @04:20AM (#13795192)
Likely anti money laundering legislation.
Re:In praise of cash by icebraining on Sunday March 05, 2017 @04:38AM (#13795241)
Yes, and also tax evasion and fraud.