Comment by matheusmoreira
Comment by matheusmoreira 3 days ago
> At some point, civil forfeiture laws will lay the foundation for having any amount of cash being a sort of assumption of criminality.
Already true in Brazil where I live.
It's just the financial arm of global warrantless mass surveillance. I highly recommend not allowing them to do this to you.
Brazilian central bank developed a digital centralized money transfer system called pix. You already know where this is going, right? At first it was great: instant, zero fees, no taxes. Right now the entire nation is angry about the fact our IRS equivalent will start using the pix transaction data to cross reference and audit citizens. If you move more than ~800 USD your financial data gets sent to the government automatically.
I like to believe that Brazil is some kind of test bed for dystopian nonsense like this.
They already did it with credit card, I'm actually surprised that they weren't already doing that, not sure if I understand the issue