CandleFocus

Israel Goes Cashless

Author: Content Editor
The Israeli government has announced plans to remove 200 shekel bills from circulation as a first step towards eliminating cash entirely. The government claims this move is aimed at fighting financial crimes and black money in the Arab society. However, critics argue that it will destabilize the economy and affect the mental and physical well-being of citizens. The removal of these bills, which make up nearly 80% of the banknotes held by the public, is expected to recover billions of shekels and force tax evaders to be revealed. Similar measures have been implemented in other countries, such as India, and have caused chaos and hardship for citizens. This move towards a cashless society in Israel is seen as a step towards tighter control and a violation of property rights. In light of this, learning about Bitcoin and other decentralized cryptocurrencies is seen as a way to hedge against government tyranny and maintain financial sovereignty.

Related News