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Introduced: Indiana House Bill 1321 Requires Cash Accepted For Payment Transactions

With the war on cash, some states have started to protect the ability for customers to use cash payment for transactions.

Colorado HB 21-1048       Connecticut Governor’s Bill No. 6443

Florida SB 408           New York A 22

US Congress HR 4395


Link To_HB 1321_Cash Bill_Indiana

January 19, 2022

Introduced: Indiana House Bill 1321 Requires Cash Accepted For Payment Transactions


Cash transactions. Requires a merchant that: (1) offers for sale, lease, or rent; or (2) sells, leases, or rents; goods and services to the public for a profit in Indiana to accept cash as payment for such transactions. Provides that a merchant may offer to a customer who is owed change in a cash transaction the option to do either of the following, but may not require the customer to do either of the following: (1) Receive the change in the form of a gift card, gift certificate, or store credit. (2) Donate an amount: (A) equal to part or all of the amount of the change owed; or (B) exceeding the amount of the change owed; to a charity. Provides that the following apply to a merchant that chooses to make one or more of these options available to customers: (1) If a customer does not choose one of these options, the merchant must provide to the customer in cash an amount equal to at least the amount of change owed to the customer, regardless of whether the merchant is able to provide the customer the exact amount of change owed. (2) The merchant must provide certain specified forms of notice informing customers of the options available for receiving change in a cash transaction, including a customer’s right to receive in cash at least the amount of change owed. Provides that the provisions do not apply to a sports or entertainment venue if cash is accepted in exchange for a debit card or other cash equivalent point of sale. Provides that the provisions do not apply to a transaction conducted by telephone, through the mail, or over the Internet. Provides that a person that violates any of these requirements: (1) commits a deceptive act that is actionable by the attorney general or by a consumer under the deceptive consumer sales act (act); and (2) is subject to the remedies and penalties under the act.


Link To_HB 1321_Cash Bill_Indiana





Link To Article_War On Cash – The Digital Dollar

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“Last week, the Federal Reserve released a “discussion paper” examing the pros and cons of a potential US central bank digital dollar. According to the Federal Reserve press release, the central bank hopes to get public feedback on the idea.

“We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States,” Federal Reserve Chair Jerome H. Powell said.

Government-issued digital currencies are sold on their promise of convenience and security. But there is a darker side – the promise of control.

Digital dollars would be similar to bitcoin and other cryptocurrencies. They would exist as virtual banknotes or coins held in a digital wallet on your computer or smartphone. The difference between a government digital currency and bitcoin is the value of the digital currency is backed and controlled by the state, just like traditional fiat currency.

The digital dollar could ultimately replace physical cash. Proponents tout its convenience and security. A Business Insider article gushed over the idea.

A Fed-backed digital dollar would then provide many of the benefits touted by cryptocurrencies without their wild price swings and usage fees. In theory, a CBDC would meld the best aspects of physical and digital currencies for the average American.”

Last year, China launched a digital yuan pilot program. The Chinese government-backed digital currency got a boost when the country’s biggest online retailer announced the first virtual platform to accept the Chinese digital currency. China isn’t the only government exploring the possibility of digital money. Sweden has developed a digital currency of its own. The European Central Bank is pushing for a digital euro. And Russian central bank governor Elvira Nabiullina told CNBC that digital currency is “the future of our financial system.”

Ultimately, it would take a congressional act to establish a digital dollar as legal tender.

US officials toyed with the possibility of a digital dollar at the height of the pandemic. A Democratic proposal for stimulus payments in the wake of the coronavirus pandemic featured digital currency deposited into digital wallets.

Government digital currency is sold to the public as a safe and convenient alternative to physical cash. We’re also told it will help stop dangerous criminals who like the intractability of cash. But at the root of the move toward government digital currency is “the war on cash.” Fundamentally, it’s about control. The elimination of cash creates the potential for the government to track and even control consumer spending, and it would make it even easier for central banks to engage in manipulative monetary policy such as negative interest rates.

Imagine if there was no cash. It would be impossible to hide even the smallest transaction from government eyes. Something as simple as your morning trip to Starbucks wouldn’t be a secret from government officials. As Bloomberg put it in an article published when China launched its digital yuan pilot program, digital currency “offers China’s authorities a degree of control never possible with physical money.”

The government could even “turn off” an individual’s ability to make purchases. Bloomberg describes just how much control a digital currency could give Chinese officials.

The PBOC has also indicated that it could put limits on the sizes of some transactions, or even require an appointment to make large ones. Some observers wonder whether payments could be linked to the emerging social-credit system, wherein citizens with exemplary behavior are ‘whitelisted’ for privileges, while those with criminal and other infractions find themselves left out. ‘China’s goal is not to make payments more convenient but to replace cash, so it can keep closer tabs on people than it already does,’ argues Aaron Brown, a crypto investor who writes for Bloomberg Opinion.”

Economist Thorsten Polleit outlined the potential for Big Brother-like government control with the advent of a digital euro in an article published by the Mises Wire. As he put it, “the path to becoming a surveillance state regime will accelerate considerably” if and when a digital currency is issued.

Governments around the world have quietly waged a war on cash for years. Back in 2017, the IMF published a creepy paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition.

As with most things the government does, you should be wary of the digital dollar. It has a dark side you can be sure the mainstream will mostly ignore.”

Link To Article



URGENT ACTION ALERT – The Fed seeks public comment on plan to convert to CBDB Central Bank Digital Currency