Another step towards eliminating anonymous payments and removing citizens' ability to exist without being constantly tracked by the state.
this post was submitted on 20 May 2026
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Inflation will do the rest.
Hold up, does this effect the ability to purchase outright cars and homes? The article doesn't go into detail about what is considered "goods and services".
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They should've added another 0. Lots of people who aren't unconscionably rich buy cars for more than that.
I get that if you have the money, it's stupid to finance a car purchase, but you can do that without slapping a bundle of banknotes onto their desk.
My landlord wanted me to pay the deposit in cash, and I said no, and did a bank transfer instead. If I get mugged on the way to his office, or discover after the transaction that he's a scammer, that money is gone. And I don't see any advantage to me to pay with physical money.
Of course, if I had gotten the money in cash because I'd been working off the books, or if I'd gotten it through some criminal activity, I'd have been very happy to have the opportunity to use the cash.
A friend of mine had a husband who did carpentry and got paid cash under the table, and so they bought all their groceries in cash, so that they didn't have to declare the income. Not the way I'd like to live.
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My car is worth a fair bit more than 10k, and just the idea of buying it with physical cash makes me nervous. I'll take a traceable transaction for this that doesn't make me a target for mugging in the meantime, thank you very much.
How would the muggers even know you have the money?
Why not "have to be registered with the government"? That's still allow law abiding citizens to do whatever they want with their money.
Also, people saying digital money on your local bank is different than paper money of the central bank; both are merely a promise. Back in the day the promise was related to a value in gold, now either are relatively empty promises. All banks do is keep track of the numbers, a bank note is proof your unregistered number is valid.
How exactly would a payment registered with the government be "whatever they want"?
I get, that cash is a critical exchange method and shouldnt be limited. This forces people to use banks and/or online payment providers
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