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There is already a limit on cash payments in the EU: - €7,000 (US$7,645) max limit across the whole EU (€1,000 for crypto), down from €10,000 just 2 years ago
by mikhailfranco 3y ago
There is already a limit on cash payments in the EU:
- €7,000 (US$7,645) max limit across the whole EU (€1,000 for crypto), down from €10,000 just 2 years ago (2 years of high inflation).
- Just €1,000 (US$1,081) limit in France and Italy.
They always blame AML/CFT but it's really just forcing payments into banks and credit card companies that can skim 1-3% of everything.
https://www.europarl.europa.eu/news/en/press-room/20230327IPR78511/new-eu-measures-against-money-laundering-and-terrorist-financing https://www.europarl.europa.eu/news/en/press-room/20230327IP...
- hanwenn 3y agointra EU bank transfers cost much less than 1-3%.