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We have this limit in France for years now. Another useful one is that in order to pay for a house you have to wire the amount to a notary who holds the amount
by BrandoElFollito 3y ago
We have this limit in France for years now.
Another useful one is that in order to pay for a house you have to wire the amount to a notary who holds the amount in escrow on a special bank account managed by an entity similar to the national central bank (Caisse des Dépôts). You do not need to worry about not being paid, or being scammed.
- bathory 3y agoThere is a somewhat famous case in Germany, where an elderly couple's house got sold without them knowing, because someone changed the paper deed, and some scummy business man confirmed that he got the money in cash. They better introduce systems like this in Germany too, but they rather drown in mafia related crime than admitting that their analog way of doing business and clinging on to cash is a mistake.