tldr; Europe is set to criminalize large cash payments above €10,000 starting January 2027 as part of the EU’s Anti-Money Laundering package. Crypto transactions over €1,000 without identity verification will also be prosecuted, and anonymous digital wallets are banned. These measures precede the launch of the Digital Euro by 2029, a programmable currency tied to digital IDs, enabling real-time spending surveillance and restrictions. Critics argue this system prioritizes control over privacy, signaling a global trend toward centralized financial oversight.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Satoshiman256 on
Fucking dystopian. It’s your money, what the fuck.
dormango on
Quite an autocratic move.
lucho_p_12 on
nice I don’t have a single Euro and never will. in the future I’ll just abandon any government issued currency.
ClearSnakewood on
„The closer the collapse of an empire, the crazier its laws are“ – Cicero (attributed)
magus-21 on
a. They are requiring EU states to impose a ban on anonymous *physical* cash transactions of over 10,000 euros, not on „cash“
b. No, they are not „criminalizing“ it. They are leaving it to the individual EU states to determine how to enforce the limit.
c. Most EU states already have a limit. Some have even lower limits. Fun fact: even Americans have to report cash transactions over $10k.
HalfRick on
Uninformed clickbait to enrage uninformed people.
Some businesses will no longer be allowed to accept cash payments (bills and coins) of over 10 000 euros. That’s it. This is already the case in most EU member states.
When was the last time any of you made a cash payment in a store for over 10 000 euros?
0x456 on
Stay poor!
slim121212 on
If it gets bad enough atleast we now have crypto, the governments will have to compete with it if they get far enough out of line.
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tldr; Europe is set to criminalize large cash payments above €10,000 starting January 2027 as part of the EU’s Anti-Money Laundering package. Crypto transactions over €1,000 without identity verification will also be prosecuted, and anonymous digital wallets are banned. These measures precede the launch of the Digital Euro by 2029, a programmable currency tied to digital IDs, enabling real-time spending surveillance and restrictions. Critics argue this system prioritizes control over privacy, signaling a global trend toward centralized financial oversight.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Fucking dystopian. It’s your money, what the fuck.
Quite an autocratic move.
nice I don’t have a single Euro and never will. in the future I’ll just abandon any government issued currency.
„The closer the collapse of an empire, the crazier its laws are“ – Cicero (attributed)
a. They are requiring EU states to impose a ban on anonymous *physical* cash transactions of over 10,000 euros, not on „cash“
b. No, they are not „criminalizing“ it. They are leaving it to the individual EU states to determine how to enforce the limit.
c. Most EU states already have a limit. Some have even lower limits. Fun fact: even Americans have to report cash transactions over $10k.
Uninformed clickbait to enrage uninformed people.
Some businesses will no longer be allowed to accept cash payments (bills and coins) of over 10 000 euros. That’s it. This is already the case in most EU member states.
When was the last time any of you made a cash payment in a store for over 10 000 euros?
Stay poor!
If it gets bad enough atleast we now have crypto, the governments will have to compete with it if they get far enough out of line.