I read where some big government types don't like big government currency. They want to get rid of the 500 Euro note and the 100 dollar bill. Of course, with inflation, those 2 items are worth less all the time. But that's not happening fast enough for people who are worried that financial transactions are taking place that are untraceable by the world's government.
You know, like drug transactions, terrorist transactions, and possibly other perfectly ordinary transactions for people whose credit is shot.
For the smugglers and bad people, I suppose they will find other ways. There's bitcoin, in the new world. And gold coins, in the old world.
The government wants the satisfaction
of knowing they can track
any financial transaction.