>> I can't just transmit my money into and out of a Spanish bank account in order to launder it. > Happens all the time. How do you think this happens No it d

>> I can't just transmit my money into and out of a Spanish bank account in order to launder it. > Happens all the time. How do you think this happens No it doesn't? I'm sorry, are you really saying that you believe that people commonly launder money by simply transferring it abroad and back? No, it gets laundered through businesses where transactions can be falsified, or through dealings in loosely-regulated assets like art. You have no idea what you're talking about! > Why is the argument weird? Because it's a non-sequitur. "Simply because cash isn't being phased out as part of a CBDC doesn't mean it couldn't be phased out later." These are unrelated policies. There's no connection here. Just because cash isn't being phased out as part of municipal road maintenance doesn't mean it couldn't be phased out later either. This is not a valid argument. As far as your enumerated arguments: (1) Discussions by whom? I haven't heard any serious proposals with any substantial support. Just idle speculation from bloggers. (2) Phasing out large banknotes is not the same as banning cash. You can just use multiple smaller notes. (3) Large cash transactions already have to be reported for tax purchases. I don't think it makes sense to ban them, but it's not as if the flow of large amounts of money hasn't always been regulated. That said, which countries exactly ban 1000 Euro cash purchases? Just because some tiny Slavic country is doing it, doesn't mean it's realistically going to happen in the rest of the world. (4) Exactly who is going to stop you from buying a sandwich with a $20 bill? This is hysteria. (5) Some random UK think tank proposing that large cash purchases be restricted isn't the same as a proposal that cash be banned, and think tanks propose stupid ideas all the time. Then again, I did say "nobody wants to ban cash" — maybe I should rephrase my argument less hyperbolically: There is no substantial support for the abolition of cash in the United States. Cash is not going anywhere. > CBDC is just North Korea, but for the naive in the West. Again, what does a CBDC have to do with cash abolition? Nothing. They're independent proposals. Besides, a CBDC can't do anything a bank can't already do. CBDCs are just a boogeyman for you to fearmonger about.