China says rejecting physical cash is illegal amid e-payments popularity

Re:China says rejecting physical cash is illegal amid e-paym... by Gaelan on Monday December 10, 2018 @01:54AM (#18645784)

This still means that the government could track/freeze your transactions. While it’s better than the status quo of electronic payments (where the government can, and so can private companies), depending on your threat model it may not be a replacement for cash.

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Re:China says rejecting physical cash is illegal amid e-paym... by lykr0n on Monday December 10, 2018 @08:48AM (#18647830)

The IRS (in the US) does not give out information. At. All. Even to other agencies. The USPS as well.

Isolation can be done. It's not perfect, but we can have stronger protection than any private bank can give us.

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Re:China says rejecting physical cash is illegal amid e-paym... by codyb on Monday December 10, 2018 @02:20PM (#18650443)

If this is true that's certainly pretty neat. I thought the USPS mail scanner information was used by others but maybe I'm wrong? Or maybe I'm thinking of those USPS detectives who investigate mail fraud?

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Re:China says rejecting physical cash is illegal amid e-paym... by selimthegrim on Monday December 10, 2018 @09:00AM (#18647909)

Uh, Medicaid and healthcare.gov beg to differ

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Re:China says rejecting physical cash is illegal amid e-paym... by lykr0n on Monday December 10, 2018 @09:13AM (#18647989)

Ok. Most every other agency runs a fairly tight ship. I'd take that any-day over the patchwork of different, and unaccountable, entities that I both know and don't know that hold my PII

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