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> Europe is clamping down on cash, with in some countries placing caps on cash transactions as low as €1000. That cap is about as enforceable as a cap on bitco
by eru 1y ago
> Europe is clamping down on cash, with in some countries placing caps on cash transactions as low as €1000.
That cap is about as enforceable as a cap on bitcoin transactions. Ie only enforceable on law-abiding citizens.
- demosito666 1y agoIt is enforceable, it’s just that not all countries are there yet. It’s practically impossible to buy anything worth more than 1000 eur with cash in Scandinavia, ironically with the exception of drugs. Humanity is on a steady track to a world where authorities are controlling every penny, at which point non-sanctioned opposition is impossible.
- eru 1y agoYou can only enforce limits on cash transactions, if at least one of the two parties involved in the transaction is interested in enforcing the limit.
- demosito666 1y agoWhich is trivial to ensure when people effectively can’t deposit cash to their bank accounts and businesses don’t accept cash - nobody wants the headache. Which is exactly what happened here.