this post was submitted on 23 Jul 2024
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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

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[–] [email protected] 1 points 3 months ago (1 children)

Seems like your solution costs more than it brings to the budget and all that you're gaining is false sense of privacy.

[–] [email protected] 1 points 3 months ago (1 children)

I am not proposing any new solution. Tax collection agencies across the European Union already audit businesses and it's a revenue generating activity.

[–] [email protected] 1 points 3 months ago (1 children)

So you're fine with tax collection being ineffective, got it. All taxation is theft and so on, right?

[–] [email protected] 1 points 3 months ago

Dude, I have talked to AI bots that are more intelligent than this

Tax collection is very effective. Extremely effective, even.

That's my whole point.