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When I first saw the roster of speakers who would be speaking at Invest Cuffs 2025, Kamil Gancarz immediately caught my eye and I decided I couldn't pass up the opportunity to invite him to our Bitomat.com wall.
Investor, entrepreneur, inventor — a very influential, though sometimes controversial, figure. Our conversation did not focus strictly on bitcoin, but on something closely connected to the foundation of the largest cryptocurrency: financial freedom and remaining as independent from state action as possible.
If you’ve ever wondered why all Bitcoin ATM.com locations allow you to buy and sell cryptocurrencies exclusively with cash, let me explain.
The fact is, when it comes to fiat currencies, only this form of money still allows us to remain free—and we can be sure that no bank will take that access away from us.
🛡️ Cash is the last bastion of financial freedom and security when it comes to traditional markets.
But at this point, we must ask a fundamental question:
👉 How much longer?
Governments around the world have been pushing for many years for us to have limited ability to use cash. We don't even realize how many ways central banks are trying to force us to resort to digital forms of settlement.
Kamil Gancarz has repeatedly addressed this issue in videos he has published. As early as 2022, he warned that banks were doing everything to keep the supply of cash in circulation as small as possible.
- It has stabilized a bit, but this cash adoption is still being artificially reduced.
This is especially evident in corporate banking, but it is happening in retail as well. Bank branches are no longer handling cash, so what is this if not a fight against it? - Bitfold 's CEO said in an interview with us.
In Europe, regulators have long openly emphasized the need to introduce the digital euro (CBDC) in place of cash.
It has long been clear that this form of money will not protect us from surveillance — quite the opposite:
💡 central banks will know everything about our income and expenses
💥 they will be able to deactivate our funds at any time
- Europe is sure to introduce CBDC and offline transactions, based on the argument "what if there is no Internet?"
Right now it's out to tender to run it.
It will be a surveillance system.
Whether this money will have a validity system is yet to be confirmed by anyone, but it could be, Gancarz warns.
Transactions equal to or exceeding 1,000 EUR require the scanning of an identification document into the device. If the same person buys or sells cryptocurrency on a single day in multiple transactions totaling 15,000 EUR or more, we consider these transactions to be related and will also require a scan of an identification document in such cases. In specific cases, such as attempts to conceal one’s face during a transaction, we reserve the right to request a scan of an identity document even for smaller amounts.
