Pedro Ataíde on Nostr: I insist: this is fake news. This law cannot be passed. But even if it were to be ...
I insist: this is fake news. This law cannot be passed. But even if it were to be passed, it would be unenforceable in many countries because it is clearly unconstitutional.
In fact, the only means of payment that exists is currency, what the Anglo-Saxons call "cash".
Using a bank to settle a monetary debt is not a payment, but a transfer of credit. As soon as you deposit money in a bank, ownership of the money transfers to the bank, leaving the depositor with a mere claim on the bank. This means that forcing someone to use a bank to pay off a debt would imply, among other violations of fundamental rights, an expropriation of both the creditor's and the debtor's assets, which would make the law unenforceable as unconstitutional.
In fact, the only means of payment that exists is currency, what the Anglo-Saxons call "cash".
Using a bank to settle a monetary debt is not a payment, but a transfer of credit. As soon as you deposit money in a bank, ownership of the money transfers to the bank, leaving the depositor with a mere claim on the bank. This means that forcing someone to use a bank to pay off a debt would imply, among other violations of fundamental rights, an expropriation of both the creditor's and the debtor's assets, which would make the law unenforceable as unconstitutional.