Israel Moves Closer to Cashless Society Following Latest Legislation

Israel365 News ^ | 8/1/22 | Adam Eliyahu Berkowitz

[Roman_War_Criminal]

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.

“We want the public to reduce the use of cash money,” Bracha said. “The goal is to reduce cash fluidity in the market, mainly because crime organizations tend to rely on cash. By limiting the use of it, criminal activity is much harder to carry out.”

[Roman_War_Criminal]

[butlerweave]

Your money/bank will now spy on you

[No name given]

Another sign of Jesus Christ’s return.

[max americana]

mandatory 3 vaxx rule for every citizen where a lot of people died afterwards due to china flu now this. they’re done for..

[butlerweave]

All your money now belongs to the government

[Carriage Hill]

Coming here all too soon enough, if the leftists, socialists, communists, Marxists etc get their way.

[Eagles6]

"By limiting the use of it, criminal activity is much harder to carry out.”

So is freedom and liberty.

[Blurb2350]

And naturally our overlords will determine what is considered “criminal activity,” and you can be sure it will be a moving target.

[gloryblaze]

... 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...

Bank checks?

[RushIsMyTeddyBear]

Same excuse they used to get countries onto the Euro.

[Macoozie]

Government forced vaccinations-
Government control over your personal transactions.

Well Hell!,
if they can’t remember “Never Again” in Israel, who the heck am I to question it.

[unixfox]

“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name”

Coming to a theater near you.

[Jewbacca]

Did I ever tell you why I was arrested when I was a teenager in Israel?

I sold black market, illegal, contraband. . . . Farm fresh eggs from our farm for cash.

This law will be ignored. Most transactions are in euros or dollars, in fat stacks of cash just to avoid government theft.

[Roman_War_Criminal]

Wow!
So you are saying the red tape is more intrusive and burdensome in Israel?

[Pearls Before Swine]

Barter is an inefficient form of pricing, but how will the government handle it once it springs up?

[Eagles6]

Yep.

[Jewbacca]

Way worse.

[dragonblustar]

Exactly! I mean what the hell are they thinking?!?! But then again we had 9/11 and the democrats/rinos shipped more jihadis over here soon after and planted them in many communities.

[Roman_War_Criminal]

And here I thought Israel was the bastion of freedom in the Middle East.

That’s discouraging!

[metmom]

“We want the public to reduce the use of cash money,” Bracha said. “The goal is to reduce cash fluidity in the market, mainly because crime organizations tend to rely on cash. By limiting the use of it, criminal activity is much harder to carry out.”

The same kind of meaningless excuse they use to justify gun control.

Actual justice would go further to stop criminals than putting free, non-criminal citizens under such bondage under the guise of stopping crime.