Many German people are still deeply distrusting of digital money transactions (keep in mind that there were two dictatorial regimes on German soil in the 20th century, of which one only ceased to exist little more than 30 years ago).
> How was it not authoritarian then but suddenly when the Asian people do it, it's a way to track everything people does
These people typically rather think that Asians should not make the same mistake (ignoring dangerous surveillance aspects).
How's that for "land of the free", eh?
And while we're at it: every phone call in the US gets recorded and stored. That's what that big datacenter in Utah is for.
Clearly you haven't heard of Real ID: https://www.dhs.gov/real-id
https://www.investopedia.com/articles/investing/021816/why-g...
It's also an attempt to collect a percentage of all transactions, which will be funneled to the usual suspects, here's what led to this:
> "NEW YORK, September 19, 2012 — The Bill & Melinda Gates Foundation, Citi, Ford Foundation, Omidyar Network, U.N. Capital Development Fund (UNCDF), U. S. Agency for International Development (USAID), and Visa Inc. announced today the launch of the Better Than Cash Alliance. The new initiative will call on governments, the development community and the private sector to adopt the use of electronic payments..."
Moreover, it was not made illegal, rather it was no longer considered legal tender. A far cry from making it illegal.
There are on the other hand limits on the size of cash only transactions without a PAN Card (tax documentation)
Recently, the reserve bank has announced that it is going to withdraw the 2000 rupee note. That means that it will no longer print or issue via banks 2000 rupee notes.
They will still remain legal tender.
Until Sept 30th 2023. An individual may exchange up to 10 notes (INR 20,000 per day) for cash between now and Sept 30th or deposit it into their account (no limit -- but be prepared to answer the taxman if there are enquiries next year on your tax return seeking the source of funds for the deposit).
Regardless of the intentions, I don't see how banning people from using currency notes that they legally owned is not dictatorial. Why is using cash deemed guilty before even having any evidence.
Not legal tender: you cannot pay taxes with it, and generally cannot use in monetary transactions.
It’s just another extension of “we have to do this cause everyone else is and if we don’t we’ll be more vulnerable” which is from what I can tell the root of all evil.
Yeah, just recently did a digital transaction in the US (ACH). Took 2 weeks for money to arrive.
As a "brown person", I resent this attempt at weaponizing racism just for the benefit of making your argument. Not only does it make your argument look petty and weak, but it actually damages the real efforts to battle true racism in the US. Please stop.
Pointing out double standards and hypocrisy is not weaponising racism.
> but it actually damages the real efforts to battle true racism in the US.
Why is this something an Asians in Asia should concern themselves with?