Back in 2014, our debate topic was “In the future, all currency should be virtual.” Well, Israel took a step in that direction, when it passed a law to limit cash transactions between people and stores. They did it to stop different kinds of economic crimes, as well as to make sure the goverment collects all of the taxes to which they are entitled.
At the same time, bankers around the world met to discuss whether the countries’ central banks (the main governemnt banks) should issue virtual currency at all. They were afraid it could ruin economies and contribute to financing terrorism.
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