The Australian "Cash Ban Law" could make some Bitcoin transactions in Australia illegal. Penalty: Imprisonment 2 years.

Australia is in the process of introducing a “Cash Ban Law” which will pave the way for negative interest rates and seriously reduce our civil liberties.This law will introduce an economy-wide payment limit (likely includes cryptocurrency transactions) of $10,000 for payments made or accepted by businesses for goods and services.  Penalty: Imprisonment for 2 years or...The structure of this proposed bill makes reducing the cash limit in the future to $2000 and then phasing out entirely the use of cash and "digital currencies" easy.Does anyone have knowledge or a legal opinion as to how this proposed law will affect people paying for Australian Goods and Services using cryptocurrency?****REFERENCES BELOW****YOUTUBEhttps://www.youtube.com/watch?v=S11eJ_FObBkhttps://youtu.be/A2okCLWKtr4AUSTRALIAN GOVERNMENT LEGISLATIONCurrency (Restrictions on the Use of Cash) Bill 2019http://bit.ly/2N5MI4N a submissionOn 19 September 2019, the Senate referred the provisions of the Currency (Restrictions on the Use of Cash) Bill 2019 [Provisions] to the Economics Legislation Committee for inquiry and report by 7 February 2020.***Submissions close 15 November 2019.**\*http://bit.ly/2PEttB3 Cryptocurrencies be defined as “digital currency”?http://bit.ly/2PH3EAb Definitions 6 In this Act: 7 cash means either or both of the following: 8 (a) digital currency; 9 (b) physical currency. 10 cash payment limit: see section 7. 11 digital currency has the meaning given by the Anti-Money 12 Laundering and Counter-Terrorism Financing Act 2006.******************And the above "digital currency" Definitions under theAnti‑Money Laundering and Counter‑Terrorism Financing Act 2006http://bit.ly/2WyoTWk currency means:                     (a)  a digital representation of value that:                              (i)  functions as a medium of exchange, a store of economic value, or a unit of account; and                             (ii)  is not issued by or under the authority of a government body; and                            (iii)  is interchangeable with money (including through the crediting of an account) and may be used as consideration for the supply of goods or services; and                            (iv)  is generally available to members of the public without any restriction on its use as consideration; or                     (b)  a means of exchange or digital process or crediting declared to be digital currency by the AML/CTF Rules;but does not include any right or thing that, under the AML/CTF Rules, is taken not to be digital currency for the purposes of this Act. via /r/Bitcoin http://bit.ly/2py6D3r