Europe limits anonymous cash payments to €3k and all cash payments to €10k. Pirate party reacts. - eviltoast
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

  • connaisseur@feddit.orgEnglish
    172·
    5 months ago

    Seems like this is not an interesting topic to most of the voters. Based on the pirate party blog post this was already put in place mid march, way before the EU election days in june. Seems this did not leave an impact on most people, which will hardly ever handle that much cash anyway.

    • Peppycito@sh.itjust.worksEnglish
      41·
      5 months ago

      In Canada etransfers are usually limited to $3k/day. On big invoices I get paid over multiple days. It’s not that big a deal for me. I think people look at it like they can only get robbed of 3 grand a day.