Post
Topic
Board Economics
Re: Malaysia to Limit Cash Transactions in 2020
by
Juggy777
on 09/11/2019, 07:09:51 UTC

Somehow, this national policy is implying that cash, at least within the country, is being abused for various illegal activities.

Would you care to share your thoughts on this? Will this really be a window for significant growth of Bitcoin or crypto adoption in this Southeast Asian country?

Sources:
[1]
[2] https://bitcoinist.com/bitcoin-usage-may-spike-following-cash-restrictions-in-malaysia/


This policy won’t work for long and people will openly revolt against such bizarre policies, I feel the Malaysian government should instead incentivise people to use digital money instead of curbing fiat money. I don’t think we will see a major surge in bitcoin usage because many people don’t understand how to use it, and others will prefer to pay via online banking only.