Will cash be soon illegal in Australia?

A controversial bill to ban cash payments of $10,000 and impose a two-year jail sentence if violated is being widely scrutinised.

The proposed cash ban bill passed the Lower House late last year and was due to start on January 1 – but it won’t become a law until a Senate inquiry looks into it.

The Federal Government has defended the bill, saying it intends on stamping out the ‘black economy’ – tax evasion, money laundering and other crimes – but people are instead saying the government should have no say in how people use their cash.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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