Cashless Society

Great Reset: Banks Using ‘Sneaky Tactics’ to Drive Public Towards Cashless Society – Union

Banks are employing “sneaky tactics” to push towards a cashless society, a submission by a financial services union has claimed.

Ireland’s Financial Services Union (FSU) has accused banks in the country of employing “sneaky” “trojan horse” tactics in service of doing away with physical cash in a document submitted to the Irish government.

While the FSU’s claims centre around the actions of Irish banks, similar concerns have been raised in regards to the push towards a cashless society internationally, with the infamous World Economic Forum, in particular, pushing the transition. Source: Breitbart

Israel Moves Closer to Cashless Society Following Latest Legislation

A new Israeli law will go into effect on Monday prohibiting cash payments of over $1,760 (6,000 New Israeli Shekel NIS) in cash or bank checks for transactions between a person and a business. The ceiling for transfers between private individuals will be $4,400 (NIS 15,000) instead of the current amount, almost $14,700.

Since January 2019, Israeli businesses and consumers have been subject to limits on cash payments under the Law for the Reduction in the Use of Cash. Previously, the use of cash up to $3,200 could be used in business deals. The ceiling for car transfers will remain the same at nearly $14,700.

The reason behind the new law was explained by Tamar Bracha, who is in charge of executing the law on behalf of Israel’s Tax Authority, to The Media Line. Source: Israel365