cross-posted from: https://slrpnk.net/post/11683421
The EU has quietly imposed cash limits EU-wide:
- €3k limit on anonymous payments
- €10k limit regardless (link which also lists state-by-state limits).
From the jailed¹ article:
An EU-wide maximum limit of €10 000 is set for cash payments, which will make it harder for criminals to launder dirty money.
It will also strip dignity and autonomy from non-criminal adults, you nannying assholes!
In addition, according to the provisional agreement, obliged entities will need to identify and verify the identity of a person who carries out an occasional transaction in cash between €3 000 and €10 000.
The hunt for “money launderers” and “terrorists” is not likely meaningfully facilitated by depriving the privacy of people involved in small €3k transactions. It’s a bogus excuse for empowering a police surveillance state. It’s a shame how quietly this apparently happened. No news or chatter about it.
¹ the EU’s own website is an exclusive privacy-abusing Cloudflare site inaccessible several demographics of people. Sad that we need to rely on the website of a US library to get equitable access to official EU communication.
update
The Pirate party’s reaction is spot on. They also point out that cryptocurrency is affected. Which in the end amounts to forced banking.
#warOnCash
Wow, you found a universal tax fraud loophole that nobody did before - taxation is illegal invasion of privacy lol. You should consider career in accounting.
It’s bizarre how you think anonymous leases and hotel stays imply tax fraud. It’s that non-sequitur malfunction of logic that has led to the privacy abuses we face.
I have not seen once in my life a hotel that does anonymous leases. Because you could fuck up their shit and run. Where do you come up with those examples?
How can I meaningfully answer such a vague question? What example are you referring to? There are no “examples” of anything in the post you replied to.