Australia is not the first to consider such a law, Uruguay is set this limit to $5000, and some EU countries (Spain, Portugal, France...) also have certain limits when it comes to cash transactions.
France has a 1000 euros transaction limit, which is relatively low compared to Australia and other countries but this limit didn't consist a reason for french people to start using more cryptocurrencies; everyone just use their credit card for whatever amount even if it's just a 0.5$ pack of cookies and we can't blame them,it's way more convenient than using BTC on a daily basis.. 
Topic: [2019-12-18] Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” A - page 2. (Read 286 times)
January 14, 2020, 01:28:49 PM
January 14, 2020, 10:52:31 AM
I don't think this will have much impact on the world community
January 14, 2020, 09:14:07 AM
I can already see how a decision like this could make a difference that the average Australian chooses to pay with BTC. Do Australians walk around with tens of thousands of dollars in their wallets and spend like drunken billionaires so this bill represents a problem for them? After all, paying with BTC is not as anonymous as some still think, so if someone legally bought BTC for more than $10k and then spent it in a single transaction, one does not need to be an extra expert to discover this.
Australia is not the first to consider such a law, Uruguay is set this limit to $5000, and some EU countries (Spain, Portugal, France...) also have certain limits when it comes to cash transactions.
Australia is not the first to consider such a law, Uruguay is set this limit to $5000, and some EU countries (Spain, Portugal, France...) also have certain limits when it comes to cash transactions.
January 14, 2020, 03:12:36 AM
People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like Bitcoin.
https://mobile.abc.net.au/news/2020-01-13/proposed-cash-ban-is-not-about-controlling-your-money-says-rba/11858104
https://www.newsbtc.com/2020/01/13/bitcoin-adoption-likely-spike-australias-proposed-cash-ban-comes-into-effect/
https://mobile.abc.net.au/news/2020-01-13/proposed-cash-ban-is-not-about-controlling-your-money-says-rba/11858104
https://www.newsbtc.com/2020/01/13/bitcoin-adoption-likely-spike-australias-proposed-cash-ban-comes-into-effect/
Jump to: