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Cash and Crises
Australia scraps Legislation restricting Cash Payments
December 21, 2020
A controversial law that would have banned cash payments over $10,000 has been voted out by the Australian Senate. Many saw it as infringing on the freedom to use cash and to protect one’s financial privacy.
China is Sentencing Criminals to a Cash-only World
November 20, 2020
With digital payments thriving in China, so is payment-related crime. The authorities are punishing offenders by banning them from using mobile and card payments and stranding them in a cash-only world.