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"You Asked For Change, We Gave You Coins" -- casascius
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evoorhees
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Activity: 1008
Merit: 1021
Democracy is the original 51% attack
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April 16, 2012, 09:39:21 PM |
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The island we're building is becoming ever more important.
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benjamindees
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Activity: 1330
Merit: 1000
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April 17, 2012, 07:45:05 AM |
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I think this topic should be moved since this seems quite important and isn't getting much attention. Perhaps to the main Bitcoin discussion section. We know that Spain is next in line for financial turbulence. The imposition of capital controls shows that the government is preparing for this eventuality. Here is the original article in Spanish. Perhaps someone who is fluent might make a short comment mentioning Bitcoin as an alternative. http://www.libremercado.com/2012-04-11/rajoy-prohibira-los-pagos-en-efectivo-superiores-a-2500-euros-1276455428/
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Civil Liberty Through Complex Mathematics
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Raoul Duke
aka psy
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Activity: 1358
Merit: 1002
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April 17, 2012, 09:20:26 AM |
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I'll give you news even more outrageous than that.
Portugal Bans Cash Transactions Over €1000
lol -> but I'm serious. If it's not law by now it will be very soon. EDIT: By June 30 it will be implemented.
I should add that only payments made to Businesses will have this limits and will need to be made using cheque, bank transfer, credit or debit card, etc. Individuals can still pay each other sums above €1000... for now, at least!
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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April 17, 2012, 09:52:39 AM |
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So just to get a running total is there a list anywhere of all the "free" western countries that have cash restrictions?
Greece EUR 1500 Spain EUR 2500 Italy EUR 1500 (?)
USA $ 5,000
It is becoming pathetically transparent that fiscal freedom is NOT a priority for Western governments.
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muyuu
Donator
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Activity: 980
Merit: 1000
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April 17, 2012, 11:03:28 AM |
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These are cash transactions between professionals, so it really isn't a big change. There was a limit on unidentified cash deposits on 3000 (maybe they lowered this too, I haven't visited in years) and there's the limit in cash you can take into the plane which is similar in the USA and most places in the West IIRC.
This basically tries to avoid the typical 3000€ plumber/gardener payment in cash without declaring VAT or profit. Not that it will work, mind. It was illegal already, now it will be illegal on 2 accounts.
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GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D) forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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conspirosphere.tk (OP)
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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April 17, 2012, 05:37:40 PM |
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Mageant
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Activity: 1145
Merit: 1001
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April 17, 2012, 05:53:47 PM |
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cjgames.com
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Gabi
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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April 19, 2012, 04:37:54 PM |
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Italy: 1000€ limit
But remember that Italy has the second highest tax evasion in Europe (first is Greece)
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