Cash will soon disappear.
Israel’s War On Cash Is About To Get More Drastic
BankingDay.com
Fighting Financial Crime Australian Government
As of August 2022 it will be a criminal offense in Israel to pay more than the equivalent of $1,700 in cash to a business or $4,360 in cash to individual, as the government intensifies its ongoing war on tangible money.
It’s a war that began in earnest with the 2018 passage of the Law for the Reduction in the Use of Cash. Israeli businesses and individuals began facing limits on cash transactions in January 2019. However, on Aug 1, those limits are being slashed nearly in half…
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