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This sounds like an awful law and I would strenuously argue against it if it was proposed in my country.

http://www.businessweek.com/magazine/italys-cap-on-cash-paym...

The limits are quite low, too.

I have a somewhat unreasonable hatred of banks, which stems from some unfortunate incidents - they basically lost my meager money back when I was starting out and they literally left me with nothing to eat for a few days; some unreasonable fees, awful hours, anti-customer service, etc.

So so far I've made all my large transactions in cash - I bought my car in cash, for example, U$ 9000. It's actually a tiny pile of money.. I'm pragmatic and I do use all banking services, but I'd love for them to be disrupted (and even had a tiny try at them myself befare I despaired at the humungous amount of red tape)



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