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

  • ASDraptor@lemmy.autism.placeEnglish
    1514·
    5 months ago

    I can’t but agree. 3k is more than enough to pay even for home stuff. You can buy plenty of things under 3k in a single purchase. And if you’re willing to buy further than that, then I’m sorry but you’ll need to put society first. If you’re willing to buy full cash a house, I’m gonna think you’re money laundering and you can go fuck yourself.

    • u/lukmly013 💾 (lemmy.sdf.org)@lemmy.sdf.orgEnglish
      7·
      5 months ago

      It seems it doesn’t apply to person-to-person payments, only commercial. So I guess you could still buy a house from individual with cash. Whether they’d be willing to deal with the cash is another question.

      • Hawk@lemmy.dbzer0.comEnglish
        6·
        5 months ago

        I don’t know if this applies to the entire EU, but home purchases need to be notarized. You can’t just transfer a deed for a house without the government knowing.