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Categories : Cash protects privacy and anonymity
December 8, 2020
Published in : Anonymity, Data breach, financial privacy, Privacy
Privacy is engraved in the Universal Declaration of Human Rights. However, now more than ever privacy is threatened by the increasing use of algorithms, the omnipresence of Bigtech, the rise of cybercrime and especially during the pandemic limitations to individual freedom. Financial privacy is also an essential human right.


Algorithms, based on your internet browsing history (what you have previously watched, bought, listened to and liked, including what you gave up along the way) constitute a real barrier to your freedom of opinion. They influence what you watch, what you buy, and even your choice of friends. Moreover, the majority of Internet users find these algorithms too intrusive.

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As we are living in historically remarkable times in terms of the protection of individual privacy, issues of data breaches and data protection have never been more pressing. Indeed, scandals such as the Facebook/Cambridge Analytica one raise serious questions, including the willingness and ability of private companies to protect our personal data.

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Did you know that the illegal economy linked to cash in 2018 was 0.93 times its value in 2014, when fraud linked to bank cards almost doubled (x 1.82). Fraud associated with the use of cash has declined 1.7% per year, while fraud through cards is increasing 16.2% per year.

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Protecting the privacy of citizens is an essential condition for democracy. If all behavior and movements were to be traced, it would damage democracy. A bank statement says more about you than your social media presence or your e-mails. The use of cash, thanks to its anonymous nature, allows for financial privacy.

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