4 ms·
It prevents people with lots of dirty money from paying expensive-but-unregistered-goods (i.e. not cars and houses) with cash from law abiding citizen; if they
by lultimouomo 4y ago
It prevents people with lots of dirty money from paying expensive-but-unregistered-goods (i.e. not cars and houses) with cash from law abiding citizen; if they want the expensive stuff, they'll have to either find some other dishonest businessman to sell it to them (might be hard, depending on what you're buying, and increases the risk of being caught) or deposit the money in a bank to pay for it electronically (which will raise flags since you are not officially earning that money)
- Strom 4y agoI think you raise a good point. In an ideal world this would mean that only more sophisticated criminals with access to money laundering would be able to use large amounts. An unsophisticated criminal can't just buy stuff from a law abiding citizen. Remains to be seen how this will work out in practice. My guess is that most law abiding citizens won't even know that such a law exists. Your point still stands though.