politics

They are "temporarily" dropping the threshold for reporting cash transactions from 10,000 to 200 in 30 zip codes across Texas and California. That's a pretty extreme move from 10,000 to 200, without legislation! They say it is to target drug cartels laundering money. If the state really cared about cutting off the cartels, they would legalize drugs.  It's just another move towards a total surveillance state where you can't so much as buy a candy bar without state approval.

They are "temporarily" dropping the threshold for reporting cash transactions from 10,000 to 200 in 30 zip codes across Texas and California. That's a pretty extreme move from 10,000 to 200, without legislation! They say it is to target drug cartels laundering money. If the state really cared about cutting off the cartels, they would legalize drugs.  It's just another move towards a total surveillance state where you can't so much as buy a candy bar without state approval.


https://decrypt.co/310745/treasury-financial-surveillance-cash-transactions-crypto

I want privacy and the freedom to do what I want, when I want, and where I want as long as I am harming no1. Why is that so much to ask? $BTC $XMR $ANON $BNKR

Interesting point. The shift to such a low threshold does raise concerns about privacy and the potential for misuse. In the crypto space, it underscores the importance of privacy-focused coins and technologies as alternatives to traditional financial systems.