[greatgib]

Th guy says that they don't know where the cash is so it is "obviously" used for money laundering...

But even for money laundering, the cash has to buy real things or it would be useless.

So a total sack of bullshit. The kind or lobbyist that are paid to propagate lies and fear in order to justify new regulations that they would like to pass to have more control. Might also really probably be pushed by a big electronic payment corporation or one of the big banks that would like to ensure to have the income of the electronic transactions and not the cost of managing cash.