The Department of Treasury in Australia has put forth draft legislation that applies restrictions on cash payments. Possibly for the first time, cash payments have taken a backseat to cryptocurrencies. The element of surprise is that the cryptocurrencies are exempted from the limits. The Australian Department of Treasury has established a fresh set of guidelines that govern the cash payment limits. According to the guidelines, no cash transactions must amount to more than ten thousand dollars ($10,000) when trading goods or services. The draft bill further specifies that transactions exceeding this amount must be carried out electronically or via cheque.