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

  • SomeGuy69@lemmy.worldEnglish
    143·
    3 months ago

    No it’s not. The real money laundering is happening in the area of billions and we lose billions by companies not paying taxes. The normal people here don’t matter at all. 3k is tiny, that’s less than my gaming PC costs if I want to sell it used. Wtf

    • misk@sopuli.xyzEnglish
      94·
      3 months ago

      Ultra rich should be taxed up to their tits or ears but let’s not kid ourselves that 3k/10k EUR limit is going to affect anyone poor.

      • nutomic@lemmy.mlEnglish
        51·
        3 months ago

        10k is the price of a used car so it affects almost everyone. And with inflation the limit will go even lower over time. Its a bad plan all around, and gives more power to states which are already too powerful.

        • misk@sopuli.xyzEnglish
          21·
          3 months ago

          Have you ever bought a car? You can’t do it anonymously, you have to register it.