Taiwan Plans To Restrict Cash Purchases In Criminal Crackdown
Taiwan is becoming the latest country to launch a war on cash, banning its use for transactions involving real estate and ‘luxury’ goods. As Zerohedge reports quoting the Economic Daily News, an unidentified government minister stated there would likely be an outright ban on using cash to pay for such items. Their actual cost, he said, would not play a factor. “With the goal of strengthening the prevention and control of money laundering, Taiwan's Ministry of Justice plans to promote large-scale transactions without cash. The first wave may lock real estate, luxury cars and jewelry....
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