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A comment on One Year After India Killed Off Cash, What Other Countries Should Learn. Parent comment

Re:One Year After India Killed Off Cash, What Other Countri... by sudhirj on Wednesday November 08, 2017 @10:36AM (#15653439)
For real estate, art, gold, assets and overseas moves, the question still remains as to what the sellers then did with the cash. The buyers might have gotten away, but the sellers are still caught with bags of that need to be laundered.

There was a huge collateral cost, I don't think anyone can deny that, but whether it was worth is still too early to call.

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Re:One Year After India Killed Off Cash, What Other Countri... by mattnewton on Wednesday November 08, 2017 @10:57AM (#15653664)
The sellers reported they sold real estate, art and gold before the cutoff, no? How would the government know they sold it illicitly if it was cash? How would some of these art, gold and real estates salespeople know for that matter?
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