Another step towards the digital EU, where the banks can track all of your movements and the government can deny any purchases they donβt like.
Get fucked.
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Another step towards the digital EU, where the banks can track all of your movements and the government can deny any purchases they donβt like.
Get fucked.
This is basically the Scandinavian model. Have never had a transfer blocked in the last decade. Good thing we don't have US government here in Europe, so we don't need to adopt the US scepticism of government.
This sort of thing would make crypto like Monero become a necessity. I think the way things are going, especially in the US, we will see crypto become a semi-legitimate currency, simply because governments can't be trusted to let the poors handle their business in a way that makes sense.
For example, MasterVisa barring transactions involving adult materials, LGBTQ+, and so forth. No choice but to use fiscal instruments that aren't controlled by the powers above.
Welcome to Scandinavia, where I have seen cash in the last five years, but only from dealers.
How the hell am I supposed to get my drug deals done now?
Crypto, as scamy as the crypto scene is anonymous payments are what Monero was made for. People should use Monero, fuck ur government spying
As long as you buy less than 4k NOK each time, no worries. That is the limit where corruption is caught.
Interestingly (or not), we also mostly (or is it totally?) got rid of 500 β¬ bills because they made moving around large amounts of cash too easy.
Isn't this the case for like a decade already?
I also thought that wwas the case. Apparently it wasn't throughout the Union.
As if rich scum haven't been paying each other with "gifts" that were awfully money-shaped already. This fixes nothing.
how is this supposed to be enforced?
They will not let businesses invoice large cash amounts.
It's a tack on charge, it's not supposed to be enforced
In the US the cops just steal it. Then in order to get it back, you have to go to court and prove that your money didn't commit a crime. Yes, really.
https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States
Margarita machines dont pay for themselves.
Yea i love when most police raids for suspicion of drug dealing end up being something along the lines of "we broke into this person house and he had one half smoked joint and 10,000 dollars in bills" which of course means that the money is now proof of crime and belongs to the cops now
They don't need to say anything other than that they suspect it was used or going to be used illegally, but yeah they usually cite drugs. Like I said, there's no court process because they don't charge you with a crime, they charge the money. So fucked.