{"id":22935,"date":"2017-02-22T21:14:44","date_gmt":"2017-02-23T02:14:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22935"},"modified":"2017-02-22T21:14:44","modified_gmt":"2017-02-23T02:14:44","slug":"taiwan-joins-global-war-on-cash-plans-to-ban-purchases-of-houses-cars-jewelry","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22935","title":{"rendered":"Taiwan Joins Global War On Cash: Plans To Ban Purchases Of Houses, Cars, & Jewelry"},"content":{"rendered":"

Taiwan Joins Global War On Cash: Plans To Ban Purchases Of Houses, Cars, & Jewelry<\/a><\/h3>\n
\n
\n

The cancerous virus of freedom-destroying worldwide cash-bans –\u00a0in the name of fighting terrorism<\/em>\u00a0– has reached Taiwan this week.\u00a0With the aim of ‘preventing money-laundering’,\u00a0<\/strong>Taiwan may ban cash purchases of properties and luxury goods<\/strong>,\u00a0Taipei-based Economic Daily News reports<\/em><\/a>, citing unidentified official at Ministry of Justice.<\/p>\n

<\/a><\/p>\n

<\/div>\n

As we previously noted<\/em><\/a>, the\u00a0War on Cash<\/a>\u00a0is not merely continuing, it is intensifying.\u00a0<\/span><\/p>\n

It began in the West,<\/strong>\u00a0with relatively minor infringements on\u00a0our right to use the currency of our own nation<\/em>.\u00a0The War has now shifted to India,\u00a0<\/strong>been radically ratcheted up, and inflicted upon a population of 1.2 billion people, where 68% of transactions were conducted with cash. And now,\u00a0<\/span>as The Economic Daily News reports (via Google Translate), to\u00a0Taiwan…<\/strong><\/em><\/a><\/p>\n

\n
With the goal of strengthening the prevention and control of money laundering, Taiwan’s Ministry of Justice plans to promote large-scale transactions without cash. The first wave may lock real estate, luxury cars and jewelry transactions.<\/div>\n

According to the provisions of the money-laundering control law, which currently controls the use cash payment tools, The Ministry of Justice to discuss the plan with other regulators in the second half of the year.<\/p>\n

Once finalized, the sale of real estate, cars, and jewelry will not be possible using cash; only non-cash payment tools, such as credit cards, financial cards, checks, electronic payments or remittances.<\/p><\/blockquote>\n

Current regulations require the keeping of records and reporting of any transcations over 500,000 Yuan (around $72,000), with no limit on the amount of cash that can be used.<\/strong><\/p>\n

\n

As to whether a lower threshold will be set, it is unclear; but from indications, for the sale of real estate, luxury cars or jewelry the threshold will be zero – and only non-cash allowed.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n

<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Taiwan Joins Global War On Cash: Plans To Ban Purchases Of Houses, Cars, & Jewelry The cancerous virus of freedom-destroying worldwide cash-bans –\u00a0in the name of fighting terrorism\u00a0– has reached Taiwan this week.\u00a0With the aim of ‘preventing money-laundering’,\u00a0Taiwan may ban cash purchases of properties and luxury goods,\u00a0Taipei-based Economic Daily News reports, citing unidentified official at […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[1035,1034,1442,4927,4318],"class_list":["post-22935","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-cash","tag-cashless-society","tag-taiwan","tag-war-on-cash","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22935"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22935\/revisions"}],"predecessor-version":[{"id":22936,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22935\/revisions\/22936"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}