Cash payment: Cash limits in Europe
www.evz.de
If you want to pay large sums of money abroad in the EU, for example when buying a car, there are a few rules you need to follow. This is because many EU countries have cash limits. This means that cash payments can only be made up to a certain amount.

cross-posted from: https://slrpnk.net/post/11683421

The EU has quietly imposed cash limits EU-wide:

  • €3k limit on anonymous payments
  • €10k limit regardless (link which also lists state-by-state limits).

From the jailed¹ article:

An EU-wide maximum limit of €10 000 is set for cash payments, which will make it harder for criminals to launder dirty money.

It will also strip dignity and autonomy from non-criminal adults, you nannying assholes!

In addition, according to the provisional agreement, obliged entities will need to identify and verify the identity of a person who carries out an occasional transaction in cash between €3 000 and €10 000.

The hunt for “money launderers” and “terrorists” is not likely meaningfully facilitated by depriving the privacy of people involved in small €3k transactions. It’s a bogus excuse for empowering a police surveillance state. It’s a shame how quietly this apparently happened. No news or chatter about it.

¹ the EU’s own website is an exclusive privacy-abusing Cloudflare site inaccessible several demographics of people. Sad that we need to rely on the website of a US library to get equitable access to official EU communication.

update

The Pirate party’s reaction is spot on. They also point out that cryptocurrency is affected. Which in the end amounts to forced banking.

#warOnCash

  • rottingleaf@lemmy.worldEnglish
    11·
    5 months ago

    It will also strip dignity and autonomy from non-criminal adults, you nannying assholes!

    They are not assholes. They are in fact very smart and steadily moving towards their goal.

    They are reducing applicability and efficiency of the means they themselves don’t need. Their crimes are done the old-fashioned way, plus when you are a high-ranking official or a businessman or a politician, who’ll even try to investigate you if you’ve done nothing clearly wrong?

    By the way, I’m not saying it’s a sign of some USSR 2.0 . Rather mafia becoming stronger. Well, look which people hold high posts in EU institutions. They are almost openly mafia tools.

    • activistPnk@slrpnk.netOPEnglish
      4·
      5 months ago

      They are not assholes. They are in fact very smart and steadily moving towards their goal.

      They are reducing applicability and efficiency of the means they themselves don’t need.

      You just described people looking after the interests of number 1 at the expense of others. We call them “assholes”. That’s the appropriate term for what you describe.

      (btw, this is orthogonal to intelligence… there are smart assholes and there are stupid assholes).