Home Gadgets Australia Scraps Plan to Ban Cash For Large Purchases But Idea Isn’t...

Australia Scraps Plan to Ban Cash For Large Purchases But Idea Isn’t Going Away

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Australia’s Senate has scrapped a plan that would have banned cash transactions on all purchases over $10,000. The cash ban proposal was set in motion back in 2017 after a government report suggested the idea as a way to crack down on organized crime and tax cheats. Businesses faced heavy fines and up to two years in…

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Source: gizmodo.com