4 Reasons Why Your Nation Will Kill Cash For A Digital Currency
Yes, I’m talking to you. Yes, I’m talking about your country, whether it is Russia, China, or the United States. The more modern and advanced your economy, the faster it is coming your way. The discussions have been going on for a couple of years now on how to do it. The only question is when to spring it on the masses. If you are in a less than a state-of-the-art economy, like Pakistan or Guam, you probably have a lot more time left with the paper. Most of us aren’t so lucky. Cash has been on the clock in the most advanced nations for years, with central banks limiting how much cash you....
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It is almost eerie how just as Bitcoin and the world of digital currency are developing steam through mainstream adoption worldwide that economic instruments of cash are increasingly under siege nation after nation. Bitcoin’s innovative blockchain technology may be bringing the world an unintended consequence of a loss of freedom and privacy as the financial world is getting in position to phase out cash in favor of a new digital economic system. Haven’t we met the “black economy” somewhere before? Australia is poised to pick up the baton when it comes to the global cash banning movement.....
The country’s prime minister says it is considering introducing Bitcoin Cash on a legal basis, despite being within the territory of the pioneering CBDC DCash. The Caribbean nation of St. Kitts and Nevis may declare Bitcoin Cash (BCH) legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the Bitcoin Cash 2022 conference in St. Kitts on Nov. 12.St. Kitts and Nevis is a member of the Eastern Caribbean Central Bank and part of the ECCB’s DCash central bank digital currency (CBDC) program, which was launched in March 2019. “Our nation has always been....
The Chinese e-commerce giant has reportedly agreed to help the nation's central bank develop infrastructure including a wallet for its cash-equivalent digital currency.
The US is starting to follow Europe down the 100% digital cash path – but does the mainstream media see Bitcoin as part of the solution? 3 Reasons for Ditching Cash. An article in this weekend’s New York Times gave the example of Sweetgreen, a chain of healthy-eating restaurants. After noting that cash transactions had declined to under 10% of totals and....
A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote. One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including cryptocurrency proponents. Many saw it as infringing on Australians’ rights and freedom to use cash and to protect the privacy of their transactions. Early....