Quote from: Hydrogen on December 04, 2022, 10:59:06 AM

Most EU nations are pro AML (anti money laundering) regulation. Which promotes digital currency, CBDC and cashless society, all formats which they claim helps prevent money laundering.

The new italian prime minister, Giorgia Meloni however appears to be one of the few bucking the trend. She is proposing regulations and laws which allow businesses to refuse credit cards and demand cash payments for sums up to 60. An increase from the current limit of 30.

With bank runs and related negative trends on the rise. "Cash is king" sounds like a great policy to me. Certainly this is the wave of the future. Only bitcoin beats cash. Gold, silver and precious metals are too clunky, unsupported and cumbersome to efficiently conduct transactions. The same can be said of a barter system. Cash is one of the best options we have atm.

Every person in the world should be against money laundering, because it serves no legitimate purpose and is detrimental to society because it is abused by the greedy few. We're not talking about people who want to shield where they spend their money, we're talking about criminals who use this device to clean money - stolen either through fraud, people who want to avoid paying their fair share of taxes, money raised from nefarious sales, or many other nasty things. Being able to trace illegal money swapping helps track down the crime and who benefited from it - the transparency of the blockchain actually assists in anti-money laundering by it's very nature as long as any exit points are properly regulated.