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

      • Zetta@mander.xyz
        5·
        2 months ago

        Sadly it will likely take more dystopian actions from state actors like this for monero or other crypto to actually become more popular and usable on a day to day basis.

        Someday it’ll happen though, and I can’t wait.

        • accideath@lemmy.world
          73·
          2 months ago

          If cash stops existing in my lifetime and I have shit to buy privately, I might consider alternatives like monero. Until then, I‘ll avoid making crypto investors richer, thanks.

      • qwerty@discuss.tchncs.de
        71·
        2 months ago

        Only to so called “hosted/custodial wallets” aka crypto banks or custodial exchanges. Non-custodial wallets/exchanges or p2p transactions are unaffected, because they’re impossible to stop or trace. Businesses accepting private crypto currencies should not be affected as long as they accept direct payments like MullvadVPN does.

        • chicken@lemmy.dbzer0.com
          31·
          2 months ago

          Better but still pretty bad, in that case can only hope the software/trading ecosystems for p2p improve enough to be more generally viable and that once that happens there won’t be reactive legislation to stamp it out.

        • e8d79@discuss.tchncs.de
          108·
          2 months ago

          Your ponzi scheme won’t save you then. There are no technical solutions to a purely political problem.

          • Autonomous User@lemmy.worldEnglish
            94·
            2 months ago

            But I’m already solving my problem with libre software. Which one of your comments give me a better solution?

            • e8d79@discuss.tchncs.de
              75·
              2 months ago

              So you are buying your groceries with that ponzi coin? Besides, if cash is made illegal cryptocurrencies are definitely also illegal and no legitimate business will accept them.

                • e8d79@discuss.tchncs.de
                  61·
                  2 months ago

                  The solution is to vote for privacy preserving policies. The only thing tech will do is taking your money while promising something that is impossible to implement, leaving you with nothing. Technological solutions are fundamentally ill suited to solving this issue.