Austrian Minister Seeks Constitutional Protection For Cash Payments

With many governments and businesses in Europe moving to abandon physical cash in favor of trackable electronic payments, Austrian Deputy Economy Minister Harald Mahrer has called for consitutional protection of the right to transact in cash for privacy reasons (archived). The European Union is currently debating restrictions on banknotes and coins in the name fighting of "terrorism" though central banks noise about negative interest rates suggests that European finance ministers advocating against physical cash may have ulterior motives.

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