Post
Topic
Board Economics
Re: Canada warns its citizens to only buy marijuana with cash
by
Ranly123
on 24/12/2018, 10:03:10 UTC
Source: https://www.mtlblog.com/news/canada/the-government-of-canada-is-now-officially-warning-canadians-to-buy-legal-marijuana-with-cash-to-protect-their-personal-information

In my opinion these are quite interesting news, as we often talk here how all the governments only want to replace cash, because they want to monitor all transactions, but it seems to be more complex than that. Privacy can protect people from criminals and malicious outside actors, and I think the benefits are far more important than some small number of criminals getting away with crimes.

In this light, crypto can find its place in economy as "digital cash", and some governments might officially recognize it.

Talking about privacy, it might be better to use cash rather than digital money to avoid being monitored by the authority. That is the reason why Canada want their citizens using marijuana to use only cash for their protection also. These might not make sense since they legalize the use of marijuana in their nation.