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

  • where_am_i
    26·
    5 months ago

    You’re confused. You talk about EU but bring up an example from your broken af dumbfuckistan.

    It’s illegal to discriminate like this in the EU and the credit score bs doesn’t exist, and everyone with a stable job gets their house mortgage.

    This new measure will only stop criminals and money laundering or tax evasion. It will have absolutely zero impact on your regular citizens.

    • ExtremeDullard@lemmy.sdf.org
      8·
      5 months ago

      That happened in Finland last year. But nice try.

      And if you think Euro banks don’t profile their customers like motherfuckers like in the US, you’re delusional. Europe isn’t the land of the Care Bears.

    • Realitaetsverlust@lemmy.zipEnglish
      41·
      5 months ago

      This new measure will only stop criminals and money laundering or tax evasion.

      As almost all laws of this nature, no. It will harm innocent citizens.

      I’d rather see money laundering and tax evasion continue than my privacy infringed.