Helmut Siekmann sees no legal basis for restricting cash ("Handelsblatt")

With his speech at the World Economic Forum in Davos, Deutsche Bank CEO John Cryan has given new boost to the discussion about restricting cash payments. However, in the opinion of Professor Helmut Siekmann there is no legal basis.

Siekmann does not see a legal basis for prohibiting cash payments for certain transactions, "Handelsblatt" writes, referring to articles published earlier.

At the World Economic Forum in Davos, Deutsche Bank's CEO had predicted that bank notes would be a thing of the past within ten years at the latest bank notes would be a thing of the past.

Handelsblatt: "Bargeld auf dem Rückzug"