At regular intervals, countries, or individuals, for Bitcoin News, which raise some questions, but also a Chance to worry. This time it’s Italy. As often reported, is the country on the Mediterranean sea is one of the countries with the highest use of Bitcoin. A clear justification there is for it until now. It is conceivable, however, that the restrictions in the cash transport ensure that the digital Gold, more and more established. Currently, citizens in Italy are allowed to make payments up to a maximum value of€ 3,000. From 2020 onwards, this restriction of the monetary freedom of the Italians is to be restricted even more, until one day the country should operate on a cashless basis. Where is this going, and BTC is the solution?
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Italy is making with Bitcoin News headlines
As some of the media reports, Italy is planning from next year to 2020, to reduce the limits may be settled up to which transactions with cash. Until now, there are 3,000€. From next year this will be reduced to€ 2,000 and 2022 and then to 1.000€. However, it is still not enough: the dealer, the card payments will have to reckon with a penalty of 30€, and 4% of the total value of the payment to reject. One could formulate this Bitcoin News is also also drastic as it is, the Twitter User “Bitcoin Valgardena” I: “Italy is making all cash payments over€ 2,000 in 2020 to be illegal.”
Italy is making all cash payments above $ 2,000 in illegal in 2020. One year later, that limit drops to 1,000€. Anyone who refuses to accept credit cards is instantly fined 30€ + 4% of the refuted amount.The war on cash is here. Luckily, we have bitcoin.https://t. co/r6vgyq1Qev— Bitcoin Valgardena (@btcvalgardena) December 9, 2019
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Why is this a Problem, and Bitcoin is the solution?
The Background of the efforts to abolish the goal of cash ultimately. The Motivation for the new measures adopted are, for example, the minimization of tax evasion and the abolition of the shadow economy.However, it is basically nothing, however, that, in turn, means the limitation of the monetary freedom of the Italian citizens. What appears to be in Germany due to the still high use of Cash, unthinkable, is now in Italy a reality.Cash is the ultimate Form of anonymous and private payments, as there are no payment flows can be tracked. The abolition of cash then in reverse to ensure that citizens are forced to Transact payments in digital Form via the payment service providers and banks, causing them to lose their privacy and monetary freedom.And right here is the reason why it is in the news for Bitcoin News. The digital Asset is intended by its inventor Satoshi Nakamoto as a digital cash with you (as in real cash) without an intermediary value can be exchanged. It offers to all people without restriction of a possibility to free themselves from the financial control of the state. It is conceivable, therefore, that the new restrictions on the Bitcoin usage in Italy are on the rise.
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