Israel Will Ban Cash Payments over $4,400

> Those who violate the law will face significant penalties. Individuals involved in business transactions that violate the limit may receive a fine of between 15% and 30% of the transaction’s value, depending on the size of the transaction.

For those who swear up and down that they can't think of a single use case for Bitcoin, does this not qualify?

A major national government is literally threatening its own citizens with loss of property for the crime of using its own currency, supplied to the public that it might be used, too much.

Cash is one of the last state-sanctioned methods to make payments privately. There are good reasons to want to do so that have nothing to do with criminal activity. Slowly but surely, even that avenue is being barricaded and locked down.

Wow, the dystopian future we feared is arriving far faster than I would've thought. With inflation, their grip increases exponentially. Sad state of affairs.

They recently tried this in Australia, but luckily a grassroots resistance popped up. Government tried to sneak it in an unrelated bill but was strangely caught by a non-citizen in Egypt reviewing unrelated laws. It was heavily lobbied for by biggest 4 banks, ostensibly to stifle 'black money' and money laundering.