5 ms·

And? That’s why cash exists.

• the-dude 7y ago
  In NL cash transactions of 10k+ already needed to be reported to the authorities. But a new law will forbid any cash transactions higher than 3k.
  • dlphn___xyz 7y ago
    whats the reasoning behind the new law?
    • Spearchucker 7y ago
      The revenue service is unaware of cash payments/purchases made by private parties and so cannot tax such transactions. Unless those private parties volunteer the information.
    • i_cant_speel 7y ago
      It looks like an attempt to prevent money laundering https://nltimes.nl/2019/07/01/dutch-govt-ban-cash-payments-eu3000-fight-money-laundering https://nltimes.nl/2019/07/01/dutch-govt-ban-cash-payments-e...
  • urtrs 7y ago
    In Greece it is forbidden by law any cash transaction higher than 500 euros.