Cryptocurrency: War on Cash - The Great Greek Tax Grab

[grarpamp]

https://www.smh.com.au/business/markets/greeks-set-to-face-heavy-fines-if-they-don-t-spend-30-per-cent-of-their-income-electronically-20191209-p53i14.html
https://i.redd.it/as0o6kbz4b341.jpg

https://old.reddit.com/r/Bitcoin/comments/e8qdwi/pretty_good_selling_point_for_bitcoin_war_on_cash/
https://old.reddit.com/r/Bitcoin/comments/e8jimf/greeks_set_to_face_heavy_fines_if_they_dont_spend/
https://old.reddit.com/r/Bitcoin/comments/e8qw0u/bitcoin_looks_ideal_in_greece_after_government/
https://news.slashdot.org/story/19/12/10/1614216/greeks-set-to-face-heavy-fines-if-they-dont-spend-30-of-their-income-electronically

Greeks will be hit with a hefty fine if they do not spend almost a
third of their income electronically in an unprecedented bid by the
new government to stamp out rampant tax evasion. The government
expects to raise more than $808 million every year from the initiative
that will force Greeks to spend 30 per cent of their income
electronically, Alex Patelis, the prime minister's chief economic
adviser, revealed. Individuals that fail to meet the target will be
hit with a 22 per cent fine on the shortfall. Therefore, if an
individual spends just 20 per cent of their income through electronic
means, they would face a 22 per cent tax on the remaining 10 per cent
bar some exclusions. The scheme is a radical attempt to cast some
light on Greece's huge shadow economy, the world's largest, and is
part of new prime minister Kyriakos Mitsotakis's sweeping overhaul to
revive growth.



https://www.coindesk.com/georgia-governor-appoints-bakkt-ceo-loeffler-as-new-us-senator
https://i.redd.it/9ekwt4zr5z241.png
https://i.redd.it/l49n3l22sh341.jpg
Demand for CCDEX = high.

https://www.theblockcrypto.com/post/49621/deutsche-bank-says-crypto-could-replace-cash-by-2030-as-fiat-system-looks-fragile
https://thetokenist.io/germany-passes-law-enabling-banks-to-store-cryptocurrencies/amp/