“Austrians should have the constitutional right to use cash to protect their privacy,” said Deputy Economy Minister Harald Mahrer. “We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,” Mahrer continued.
The European Union is considering restricting the use of banknotes and coins and asked the European Commission to “explore the need for appropriate restrictions on cash payments exceeding certain thresholds and to engage with the European Central Bank to consider appropriate measures regarding high denomination notes, in particular the 500-euro note” by May 1.
Mahrer was speaking on Austrian public radio to defend the use of cash. “We will fight everywhere against rules” including caps on cash purchases,” he added.
EU finance ministers vowed at a meeting in Brussels to crack down on “illicit cash movements.”
“That no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17
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