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.
[ Parent
| on HN ]
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?
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.