It is quite apparent that the financial situation in Spain is evolving in the wrong direction. As of right now, there is a”ceiling” of 2,500 Euros per cash transaction. A similar ruling can be found across many different European countries, as governments want to counter money laundering efforts. In Spain, however, the limit of cash payments will be reduced to 1,000 Euros moving forward. Enforcing Less Cash Usage In Spain …
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If cash would ever be abolished by countries altogether – which seems unlikely – people may flock to Bitcoin over time. After all, everyone values their financial freedom, even if they don’t admit it directly. But Harvard professor Kenneth Rogoff feels institutions would ‘prevent Bitcoin From becoming mainstream”. This seems to confirm some people’s worst fears, even though controlling Bitcoin will be a futile effort in the long run. Bitcoin …
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