This law is intended to make large amounts of cash less useful without killing the utility of smaller amounts. If large amounts of cash become less useful that makes money laundering a lot harder.
A black market for cash already exists. The people who buy it are called money launderers.
If you want the convenience of a government backed currency you’ll need to do so digitally which makes fraud investigation a lot easier. Don’t like it? Bad luck. This is where every fair economy is heading.
A black market for cash already exists. The people who buy it are called money launderers.
If you want the convenience of a government backed currency you’ll need to do so digitally which makes fraud investigation a lot easier. Don’t like it? Bad luck. This is where every fair economy is heading.