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

  • MrAlternateTape@lemm.ee
    0·
    5 months ago

    The point for me is that the government automatically seems to think that cash payments are for something illegal. And all of a sudden, the burden is on me to proof that it is not.

    While technically speaking, paying with cash is a very legal way to pay and should not require any explanation at all. Nor should it be more difficult.

    Of course, there is a limit, and I get that paying a 2 million dollar house in cash is reason to at least ask where that money came from. But 3000 dollars or 100000 are amounts of money that in my opinion do not deserve the same amount of checking.

    A lot of random but legal stuff can be done with 10000 dollars of cash. And yes, sometimes you use cash because you don’t want your identity known. Doesn’t mean you are doing something illegal. If the government thinks it is illegal, they should open an investigation and proof it.

    Instead they put the burden on you. Doesn’t seem fair to me, and a limitation on my personal freedom to spend money however I like.

    Not to mention, even things that are legal now, could be made illegal by governments to come, and dictators or oppressive regimes will have no problems with checking logs to see which assholes did something that goes against their values in the past. For that reason alone, governments should only be tracking the minimum amount of information they need.