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/11683880

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

  • TCB13@lemmy.worldEnglish
    645·
    5 months ago

    Welcome to the communist Europe! This is what the friendly left got us.

      • Vendetta9076@sh.itjust.works
        103·
        5 months ago

        This has nothing to do with communism or capitalism. They are economic systems and nothing more. It has everything to do with authoratarianism which is economic agnostic.

        Were fighting the wrong fight here people

      • Jolteon@lemmy.zip
        12·
        5 months ago

        Artificial restrictions on currency is the literal opposite of capitalism.

        • communism@lemmy.ml
          1·
          5 months ago

          Artificial restrictions on currency is compatible with capitalism. It’s a government policy that can exist within a capitalist mode of production. Communism doesnt have any currency or money to restrict.

    • activistPnk@slrpnk.net
      3·
      5 months ago

      this poll shows it’s non-partisan:

      https://layer8.space/@hyakinthos/112554837920009346

      The left respects privacy far more than the right. But the left also has that high-taxation tendency. The outcome of that tug-of-war within left-leaning people results in ~73% embracing cash – just like the conservatives who don’t give a shit about privacy but have contempt for tax.

      • TCB13@lemmy.worldEnglish
        11·
        5 months ago

        This has nothing to do with people… we’re talking about leftist govts that want to track what people own and what money is moved around in order to tax people more.