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

  • Kazumara@discuss.tchncs.de
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    3 months ago

    I had to look up cashier’s check and it does not sound familiar at all. But searching a bit further it is a thing that exists, seems to be called Bank Check around here, it’s just kind of expensive to use.

    It’s much more usual to pay in cash or use an account transfer (SEPA transfer) which is usually free, but with the delay of the transfer one of the parties usually takes a risk.

    This year, in relation to the rule the post is about, they also forced banks that were dragging their feet to start supporting instant transfers.

    I don’t ultimately know the answer to your question though. I suspect the banks have to ask you for the origin, as if you turned up with 10k in cash, but I couldn’t find anything definitive in the time I was searching around.