For context; I live in a NOT progressive country/region where being LGBT is illegal, and I often post in LGBT spaces. I want to do digital transactions but am afraid of the above will quickly get me in jail.
The bank can see your transaction. They may be part of a mandatory (or voluntary) reporting scheme.
The bank will not in general know about other things you do that don’t involve financial transactions.
BombOmOm@lemmy.world 1 year ago
That is broadly the case with any bank account, credit, or debit card. The ‘digital’ part of a digital bank account just means there isn’t a physical bank location to visit.
If you are worried about your government tracking the details of your financials, cash is the only option which cannot be surveilled easily.
Que@lemmy.world 1 year ago
There’s also cryptocurrency. Not as invisible as many would have you believe, especially when KYC checks are involved, but there are definitely ways to stay hidden with it, by choosing certain exchanges, transfer methods, and currencies.
Not as straightforward of an answer as OP is probably hoping for though, and it also depends heavily on the recipient of the money.
DogMuffins@discuss.tchncs.de 1 year ago
Does anyone actually use crypto to make actual purchases though?