this post was submitted on 21 Mar 2024
545 points (88.4% liked)

Privacy

32120 readers
113 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Related communities

much thanks to @gary_host_laptop for the logo design :)

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 6 points 8 months ago (1 children)

Cash is mostly traceable at point of contact unless you keep it in a money bin and don't spend it, though..

[โ€“] [email protected] 11 points 8 months ago

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.