{"id":1086,"date":"2025-12-04T00:08:56","date_gmt":"2025-12-03T21:08:56","guid":{"rendered":"https:\/\/soberano.news\/?p=1086"},"modified":"2025-12-04T00:56:13","modified_gmt":"2025-12-03T21:56:13","slug":"why-governments-want-to-do-away-with-cash","status":"publish","type":"post","link":"https:\/\/soberano.news\/en\/estruturas-juridicas\/por-que-os-governos-querem-acabar-com-o-dinheiro-vivo\/","title":{"rendered":"Why do governments want to do away with cash?"},"content":{"rendered":"

The end of physical money would represent a severe blow to financial privacy, and therefore to individual freedom.<\/em><\/p>\n\n\n\n

The most recent attack on paper money came in the approval<\/a> of the bill banning cash in the purchase and sale of real estate in the Senate Constitution and Justice Committee (CCJ) on November 26, 2025.<\/p>\n\n\n\n

In addition, the text determines that the National Monetary Council (CMN) must establish limits and conditions for the use of cash in the country, including for the payment of bills and checks.<\/p>\n\n\n\n

To become law, the text still has to be approved by the members of parliament and sanctioned by the president. According to the author, the aim of the bill is to combat tax evasion and money laundering.<\/p>\n\n\n\n

The idea is simple: increase the traceability of financial transactions<\/strong> in Brazil to reduce crime. But this comes at a very high cost.<\/p>\n\n\n\n

The war on privacy<\/h2>\n\n\n\n

The Brazilian government has been moving against cash for years. In 2020, PL 4.068 attempted to gradually suspend the production, circulation and use of paper money within five years. In the same year, PLP 214 sought the same goal, proposing to replace physical cash with a digital currency issued by the Central Bank (CBDC).<\/p>\n\n\n\n

Nor is it exclusive to Brazil. It's interesting for any government in the world to have more control over what people do with the fruits of their labor. In China, where payments through apps like AliPay and WeChat Pay are dominant, consumption habits are carefully monitored<\/strong>.<\/p>\n\n\n\n

In addition to investigations<\/a> that can be opened up by something as simple as buying a book, mass surveillance opens up space for a whole parallel data market<\/a>.<\/p>\n\n\n\n

According to Wired, a SpyCloud investigation revealed that insiders make up to US $$ 10,000 a day selling sensitive data packages - including banking information, geolocation and state surveillance records.<\/p>\n\n\n\n

After the rulers themselves, those who benefit most from mass monitoring are scammers, kidnappers and stalkers<\/strong>.<\/p>\n\n\n\n

The persecution of opponents<\/h2>\n\n\n\n

Another risk of abolishing cash is that it will be easier to censor opponents. It's not a conspiracy theory, it's already a reality and it's likely to get worse with the complete digitalization of the state currency. Here are a few examples:<\/p>\n\n\n\n