Cash Ban: Belgium Obliges All Shops to Accept Cards

“A law came into force in Belgium which obliges every shop to accept card payments. Paying only in cash is no longer possible. Those responsible assert that a no-cash ban is planned in the medium term. Critics worry about a possible attempt to create consumption and movement profiles. It is probably also the next step for the nationwide introduction of the digital euro – and thus total control over citizens.”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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