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Eventually cash will be considered suspicious for any transaction while the digital Euro would be transparent to law enforcement. This will happen slowly, with
by RandomLensman 5y ago
Eventually cash will be considered suspicious for any transaction while the digital Euro would be transparent to law enforcement.
This will happen slowly, with limits to cash transactions being lowered, larger denominations removed from circulation etc. On the transparency side it will again start out with praises sung to its privacy and then "stuff happens", i.e. cannot be that a digital Euro is good for criminals and terrorists...
- trompetenaccoun 5y agoSee my other comment, it very much depends on how it's implemented, which hasn't been decided yet. If you're European, now is the time to write your MEPs about this. To make sure they understand we care about privacy. Realistically though, with the speed they're researching things I wouldn't be surprised if we have functioning blockchains offering all kinds of decentralized global banking services by the time they decided to launch anything at all.
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- nicbou 5y agoYou will never get Germans to switch away from cash.
- endofreach 5y agoIt will happen. Whenever I see the ÖRR (public broadcast) talk about cash lately, it is always mainly focused on how criminals use cash and it is used for money laundering & drug trafficking. There is even a podcast episode of the ÖRR with pro & contra of cash. The pro arguments are very weak, but the contra side is so strong, it is ridiculous. I don‘t like this direction. Germany is slowly developing into a surveillance state, but the worst thing: it‘s not dictated, a lot of people „want“ it that way. I guess it‘s not a surprise to anyone. Still good beer though