Saturday, April 1, 2023

The Australian Senate just voted to kill the $10,000 ‘cash ban’ bill By Cointelegraph


The Australian Senate just voted to kill the $10,000 ‘cash ban’ bill

A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote.

One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including cryptocurrency proponents. Many saw it as infringing on Australians’ rights and freedom to use cash and to protect the privacy of their transactions. Early drafts of the bill included digital currencies as subject to the proposed limits.

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