From August 1: Cash transactions above NIS 6k illegal
> The stated purpose of the law is to force the general public to use digital means of payment rather than cash, so that transactions can be easily monitored.<p>You mean you don’t want the government monitoring you at all times?<p>I mean, the end goal is also to decide what you spend it on…<p>> Digital dollars, on the other hand, would be traceable and programmable. The Federal Reserve (or some other designated entity) would have the ability to create more digital dollars whenever it sees fit, and, depending on how the legislation is written setting up the currency, the dollars could be formulated to have various rules and restrictions built into their design.<p><a href="https://thehill.com/opinion/finance/599768-biden-is-planning-a-new-digital-currency-heres-why-you-should-be-very-worried/" rel="nofollow">https://thehill.com/opinion/finance/599768-biden-is-planning...</a><p>(This is the US, but UK, EU, and I’m assuming elsewhere all have the same legislation at the moment. China already has this to a degree with the social credit system)<p>Imagine, I go to get groceries:<p>checkout machine:  “sorry, you used all your carbon credits this month”<p>You: “but I need food!”<p>Checkout machine: “if you need food, remember cricket powder is carbon net neutral”<p>You: “guess I’ll eat that this week.. grumble”<p>Yeah, that’s literally and explicitly what is being discussed. Maybe this scenario is exaggerated, but carbon tax credit and restricting purchases inbound.