Cryptocurrency Q&A
Why does the government want to get rid of cash?
Why does the government want to get rid of cash?
Alessandra
Thu Oct 24 2024
|
7
answers
1494
I don't understand this question. Could you please assist me in answering it?
7 answers
Chloe_thompson_artist
Sat Oct 26 2024
The reasoning behind eliminating cash stems from its potential misuse in illegal activities.
Was this helpful?
110
30
Valeria
Sat Oct 26 2024
Cash has been utilized in criminal endeavors like money laundering due to its anonymity and untraceability.
Was this helpful?
112
71
IncheonBeauty
Sat Oct 26 2024
This anonymity allows individuals to conduct transactions without leaving a clear paper trail.
Was this helpful?
251
75
ShadowFox
Sat Oct 26 2024
Tax evasion is another criminal activity that can be facilitated by cash, as it enables individuals to avoid reporting income.
Was this helpful?
163
79
CryptoPioneer
Fri Oct 25 2024
In contrast, digital transactions and electronic money offer a transparent and trackable system.
Was this helpful?
179
90
Load 5 more related questions
