According to a new law, it is now a criminal offense in Israel to pay more than $1,700 in cash. Penalties for violators amount to 25% of the transaction for individuals and 30% of the transaction for businesses.
Giving more than the equivalent of $1,700 in cash to a business or $4,360 in cash to an individual is now a criminal crime in Israel, as the government ramps up its continuing war on tangible money.
The Law on the Reduction in the Use of Cash was passed in 2018, which marked t...
