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EU moving towards total monetary surveillance and banning all anonymous payments(lemmy.ml)

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sugar_in_your_tea@sh.itjust.works
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Not necessarily, it’s only traceable if you generate receipts on both sides. I don’t know about EU law, but in the US, you only need to report cash deposits if they’re over $10k, and if your deposits are always over $10k (e.g. you’re a big retailer or something), another $10k here and there won’t raise any eyebrows.

Cash is still king when it comes to corruption since it’s easy to exchange it for favors w/o generating a receipt at all.

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