Is cash untraceable?
Is cash untraceable? Physical currency has an anonymity to it. The government doesn't know you have it if you don't report it and loses out on tax revenue from those ?hidden? dollars. Cash transactions are also largely untraceable.
Is paper money untraceable?
Paper money also isn't subject to cybersecurity risks or potential privacy violations, he added. “When I hand you a $20 bill, there is no data captured by anybody from that transaction…it's a relatively anonymous private thing, whereas all digital forms of payment generate data trails,” Maurer said.