In India, any transactions over 50000 INR (about 555 EUR) are discouraged in cash, and if necessary, the payer must provide their PAN card. PAN is the tax ident

In India, any transactions over 50000 INR (about 555 EUR) are discouraged in cash, and if necessary, the payer must provide their PAN card. PAN is the tax identification number in India. It is on the recepient to report these transactions. It is not illegal though, and you can in fact pay arbitrary amounts of cash for instance at hospitals or jewellery stores, with PAN. I am okay with this oversight, though I'm not too happy about the middlemen. I can't think of any legitimate usecases where one wouldn't want to share PAN, unless they are underreporting income and evading taxes. While I'm often unhappy with how my tax money gets spent, I still begrudgingly pay my taxes and have no sympathy for black money. We also have instant and free transfers via UPI, and I can transfer any amount, even 1 INR (Approx 1 cent EUR) to anyone. I make about a dozen upi transactions everyday, for practically everything. Roadside snacks to in mall purchases. This further reduces the need for carrying cash. There are only a few holdouts, such as bus tickets purchased on the spot, or the ocassional auto rikshaws that demand cash. Even foriegn tourists now can "pay lik an Indian", with upi, to borrow marketing slogans from the airport adverts. Transacting large amounts in cash(banknotes) is going to become increasingly difficult across the world, for better or worse.