Re:10 years of whatever this has been
by Animats on Thursday November 18, 2021 @02:38PM
(#29269471)
The basic question is whether you can force forfeiture of an innocent receiver of a tainted bill. You can always legally do this
Depends on the jurisdiction. US, probably. France, probably not.
This cost is most minimal when all transactions already occur electronically
Tracking bills through ATMs is picking up as ATMs add "recycling", where received bills can later be dispensed to another customer. That requires much better scanning of bills. Serial number recording is a by-product of counterfeit detection and bill-damage detection. So the hardware and software come standard.
Depends on the jurisdiction. US, probably. France, probably not.
This cost is most minimal when all transactions already occur electronically
Tracking bills through ATMs is picking up as ATMs add "recycling", where received bills can later be dispensed to another customer. That requires much better scanning of bills. Serial number recording is a by-product of counterfeit detection and bill-damage detection. So the hardware and software come standard.