Australia Seeks to Expand Global Cash Ban, Targeting the “Black Economy”
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.....
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Bitit is currently partnering with Neosurf and its 100,000 plus local stores, and the Bitcoin startup is now planning to expand its network to up to 150,000 retailer stores. This marks the beginning of a new stage for the Parisian-based company of five, which has partnered with distribution network specialist Flexepin, to launch cash-for-Bitcoin buying in over 15,000 convenience stores in Canada and Australia. Flexepin and Cashlib vouchers. Bitit CEO Nicolas Katan, said that the company was keen to start with extending its Bitcoin-by-cash buying service to Australia and Canada as a means....
Australia is mulling the idea of decommissioning its highest value banknote in what appears to be a global trend for removing physical bills. Minister: Priority ‘Closing Down Loopholes’. As was previously reported, the country’s banks are already arguing for removal of larger notes, and making calls for a cashless economy. Speaking in a radio interview Wednesday, Australian revenue and financial services minister Kelly O’Dwyer said the move would come as part of a “crackdown on the black economy.” She explained: The whole point of this crackdown on the black economy is to make sure we....
"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.
It's back to the the New Normal following last week's global market black swan, with the only remaining vestages of that glitch in the matrix being elevated levels of investor fear. OPEC expresses concern about the state of its oily cash cow and the Reserve Bank of Australia discovers that the dark cloud of deterioration in China has a silver lining. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 31 August. New Zealand ANZ Business Confidence (actual:....
ING Bank hired global research firm, Ipsos, to survey 14,829 Internet users from 13 European countries, the United States and Australia. ING asked participants about mobile banking, payments and digital currency, such as bitcoin. The report has some sobering insights into how Bitcoin adoption is going in the West, including what consumers see as the biggest benefits and problems of mobile payments. 1. People Are Using Less Cash. According to European consumers, cash is on its way out. When asked if their use of cash has declined over the last year, 50 percent of European participants said....