Topic: Australian Government's cash ban - page 2. (Read 284 times)
Oh, if we could only know, what step to take next...there always are opportunities to win big and to loose big here, if we could know =)
Did you read about it?
The reason of this is:
“Cash provides an easy, anonymous and largely untraceable mechanism for conducting black economy activity,” the response said.
“Cash payments make it easier to under-report income and avoid tax obligations. This allows businesses transacting in cash to undercut competitors and gain a competitive advantage.”
So this government probably will ban crypto/bitcoin too, because this features like untraceable and anonymous payment is better on cryptos than cash.
The reason of this is:
“Cash provides an easy, anonymous and largely untraceable mechanism for conducting black economy activity,” the response said.
“Cash payments make it easier to under-report income and avoid tax obligations. This allows businesses transacting in cash to undercut competitors and gain a competitive advantage.”
So this government probably will ban crypto/bitcoin too, because this features like untraceable and anonymous payment is better on cryptos than cash.
Australian Government's cash ban is just the beginning if more country's will do that BTC can go easy to 100K
https://twitter.com/CoinParliament/status/995302105815580673
https://twitter.com/CoinParliament/status/995302105815580673
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