No one will be objecting to such measures if it is done on a voluntary basis. But here they are limiting the use of physical cash and forcing the citizens to use digital payment options. And this is where I am not comfortable with the whole idea. Whether I want to use physical cash or digital cash, is up to me. The government has no right to dictate the terms here.
LOL this is malaysia's government and it's not like restricting the use of Cash will do any better but just restricting people from doing what they want. Yeah paying using card is fast and more but you will ended up paying unnecessary fee that should not be there in the first place if you are using cash. although using cash sometimes inconvenient but people have option right? it's always better to keep people choose for themselves whether to use cash or card because restricting like that is not a good solution even when the problem isnt there in the first place.
The role of government in a country is very important. Without the government of a country, stability will not be achieved and will become weak and easily swayed by outside forces. Obedience to the Government will create security and order and prosperity.
The main reason for limiting cash transactions is, with the use of cash, which aims to complicate efforts to trace the origin of money originating from criminal acts, the Actor tries to break the tracking of the flow of funds to the recipient of the funds by conducting cash transactions. This is different from large amounts of non-cash transactions that can be tracked by financial transaction analysts. Restrictions aim to minimize the space for corruptors and criminals to eliminate traces or launder their money.
Everyone likes the freedom to choose the type of transaction that we want to do, but as citizens, we must submit to government decisions. Besides that, I think that the limitation of cash transactions of MYR 25,000 targets the upper-middle class, not the lower middle class. if someone is clean, there is no need to worry about following this rule because the positive values are more than the negative side.
