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Spain Bans Cash Transactions Over 2,500 Euros ... Spain has outlawed the use of cash in business transactions in excess 2,500 euros in order to crack down on the black market and tax evaders. The motivations behind the push for digital currencies is exposed as Spain heads down the road of the Greeks in combating their sovereign debt crisis. As the government scrambles for every tax dollar it can get its hands on, even though they already gave every Spaniard $23,000 Euros in debt last year alone (approximately $32,500), they are now banning all large cash business transactions. Why? So they can
Originally posted by NeverSleepingEyes
reply to post by SilentThundersGF
your title is very misleading, it's a shame.
you needed some attention?
Originally posted by Maya00a
I live in Spain and can tell you it isn't just business transactions, it's all transactions over €2500.00 but most of us 'common' people don't have that kind of cash to spend anyway.
Canada to Dump Cash for Digital Currency
…The Royal Canadian Mint announced the completely digital currency, MintChip, a physical chip without a centralized database….
Originally posted by NuclearPaul
Originally posted by Maya00a
I live in Spain and can tell you it isn't just business transactions, it's all transactions over €2500.00 but most of us 'common' people don't have that kind of cash to spend anyway.
Doesn't matter if it is only for transactions over €2500. They're using the boiled frog technique.
We all know what the ultimate goal here is - a cashless society. Anyone dare to say it will stay at transactions over €2500 forever?
It comes as no surprise then that Transparency International has listed Spain as more corrupt than Uruguay, Chile and Qatar, and almost on a par with of Botswana – quite a feat for the fourth richest nation in the European Union.
Originally posted by ShadowAngel85
Don't see any problems with it. Who carries around so much money? And even if the lower it....so what? Credit Cards have been around forever, Online Banking isn't a new thing, a lot of people already live mostly without using paper money and they don't have a problem. The only time i use real money is to buy food and Beverages, everything else i already do online or with Credit/Cash Card
Some of you people are so paranoid. Some of you see the Bogeyman behind every corner. Everything is evil, everything is bad, everything has bad consequences, every government is corrupt, there's a big shady corporation who really runs the world in your mind. I think professional help is needed...
Originally posted by Mufcutcakeyumyum
Maya quote:
We have a new 'local' currency being used in our town and as there are a lot of small farms here people also swap produce. It will take a long time to get everyone to have an active bank account for transactions.