Under the Bank Secrecy Act, one of the most common reasons for filing a suspicious activity report (often abbreviated as SAR) is because someone deposited or withdrew nearly $10,000 in cash. That’s all it takes for you to get labeled as “suspicious” in an official report to the government.

https://www.cato.org/blog/how-suspicious-activity-can-get-you-debanked

Am I the only one who finds the royal we frustrating?

Every time I hear “we did this as a nation,” I find myself thinking “We? I had no part in that.”

Roses are red,
Violets are blue.
Love should be private,
And money should too.

After hearing opposition to the digital euro, MEP Lukas Sieper suggests that cash is only for criminals so the EU needs a CBDC.

LIVE NOW: ECB President Christine Lagarde says cash can't be used online so Europe needs a CBDC.

Update: The head of the Banque de France is stepping down.

https://bankingbureau.substack.com/p/the-french-central-bank-is-wrong