Yes, I think that’s just a matter of time, what government can refuse the ability to follow all money transactions?
Of course we have privacy regulation, and especially regarding banks for some reason. But it only takes a court order to get it anyway.
It will soon be very difficult to have illegal money, without a digital footprint.
Cash is still king for me for whatever reason.
Cash is just inconvenient IMO, before mobile pay we used it privately with friends and trading 2nd hand. But it’s been years since I’ve used cash at all, although I still carry around the equivalent of $100. Just in case of being stranded somewhere, and there are disruptions of digital payments.
And just in case you think I’m BS’ing here is an actual government policy explicitly stating that stores can refuse cash payments
https://www.mas.gov.sg/contact-us/faqs/currency-faqs
Eh OK so Singapore have rules that are different. But as I clearly linked, that is not the “normal” definition.
I do agree it’s “not normal,” especially in the West. It does seem to be significantly more common across Asia.
And I suspect it’ll become more common across the West.
And I hate it. Cash is still king for me for whatever reason.
Yes, I think that’s just a matter of time, what government can refuse the ability to follow all money transactions?
Of course we have privacy regulation, and especially regarding banks for some reason. But it only takes a court order to get it anyway.
It will soon be very difficult to have illegal money, without a digital footprint.
Cash is just inconvenient IMO, before mobile pay we used it privately with friends and trading 2nd hand. But it’s been years since I’ve used cash at all, although I still carry around the equivalent of $100. Just in case of being stranded somewhere, and there are disruptions of digital payments.