cross-posted from: https://slrpnk.net/post/11683880
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
Chat control was beat. This can be too. Contact your MEP, let them know this issue is important to you: https://www.europarl.europa.eu/meps/en/home
Government: Only criminals use cash and crypto! Privacy advocates: Actually, this is not true… Government: makes cash and crypto illegal what do you say now, punks?
they’re going one step at a time towards their goal : cashless CBDC society. watch them shrink the legal cash payment amount more and more from there
@nihilist @makeasnek Monero is the world’s emergency safety valve against overzealous governments
What they want is use Ethereum and Bitcoin as store of value and cash with CBDC.
dont forget stablecoins
They will trample your God given rights to make enforcement as convenient as possible rather than respecting individual liberties, every time. This erosion of the protection of our rights must be reversed or we can only expect revolution. Let’s hope Europe sets the example for liberty that us Americans seem to have forgotten, but I’m not holding my breath.
Big news
They also point out that cryptocurrency is affected.
Only custodial wallets.
First they came for the custodial wallets
