Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Independent federal MPs in Australia have introduced a new bill to Parliament aimed at preventing cash from becoming redundant amid the rising popularity of digital payments. The proposed legislation would impose hefty fines on businesses that refuse to accept or do not carry cash. This move seeks to curb the growing movement towards a cashless society and address concerns that the shift towards digital payments and central bank digital currencies could lead to increased control and financial surveillance by governments and corporations. The bill has sparked a debate on the future of cash in the economy and the potential implications of a cashless society.
🚨 Aussie businesses could face hefty fines for REFUSING cash The move aims to curb the growing movement towards a cashless society. https://t.co/tEh0939Wpb
All over the world, governments are moving towards central bank digital currencies. They are not designed for convenience or security. They are designed for control and financial surveillance. And let’s see if any political party puts CBDCs in their election manifestos… #CBDCs https://t.co/D72ACKPuE9
Despite the increased popularity of digital payments, there has been a bid to prevent cash becoming redundant. 💸 Independent federal MPs have introduced a new bill to Parliament which would fine businesses that refuse to accept cash. #9News STORY: https://t.co/hxrmb4BfW1 https://t.co/QmW76bIzbZ