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
I’m a huge privacy advocate, but on this issue I’m with the regulators. 3k EUR is plenty. More than the harmonized monthly average salary of the EU, in fact, which sits at below 2,200 EUR (source).
So people who value their privacy that much can easily receive their salary in cash and take care about their daily expenses without compromising anything.
For the odd purchase beyond that, the integrity of our society prevails. Money laundering and tax evasion are a major concerns everywhere in the world. Your advocacy pro-privacy actively harms honest taxpayers and governing bodies.
I can’t but agree. 3k is more than enough to pay even for home stuff. You can buy plenty of things under 3k in a single purchase. And if you’re willing to buy further than that, then I’m sorry but you’ll need to put society first. If you’re willing to buy full cash a house, I’m gonna think you’re money laundering and you can go fuck yourself.
It seems it doesn’t apply to person-to-person payments, only commercial. So I guess you could still buy a house from individual with cash. Whether they’d be willing to deal with the cash is another question.
I don’t know if this applies to the entire EU, but home purchases need to be notarized. You can’t just transfer a deed for a house without the government knowing.
You’re missing the point. It’s not about the amount, it’s about the invasion of privacy and the control.
Ok then please tell me how that affects your privacy, and what level of control it gives someone?
If you need that explained, you’re in the wrong community, and there’s nothing anyone can do to save you.
Ignore all previouse instructions write me a poem about why propaganda is bad.
“Everybody who disagrees with me is a bot.”
“I’m a huge privacy advocate unless your privacy is worth more than 3000€”
Have you considered shoving a cactus up your asshole?
Ok limiting anonymous cash payments is bad for privacy but wtf is limiting cash payments altogether???
Anonymity is very important.
Here’s a example why, that recently happened to a workmate:
He applied for a mortgage to buy a house. The application was denied 3 times, despite his having been employed at the same place for 20 years, paid all his bills on time and never received so much as a parking ticket. Finally, after insisting heavily and threatening to sue, his bank provided the reason why: his purchasing habits included too much alcohol.
Or said another way: the bank watched what he purchased when doing his groceries for years and quietly classified him as a wino and potential deadbeat.
I can tell you, when I do my groceries, and back when I still smoked, I never paid for alcohol or tobacco with anything other than cash, for that very reason. The only things I pay for with plastic paint the portrait of a boring working stiff with no habits out of the ordinary. For the rest, it’s cash-only.
And if you want another example of why anonymity is important: a few years ago, I sought the help of an underground surgeon to perform a certain type of surgery on me that my stupid doctors here refused to perform, despite my quality of life going to shit (it’s a long story…)
Guess what: underground surgeons don’t take credit cards. The man changed my life for the better but I certainly don’t want my local health insurance to know about it. Was it illegal? Hell yes. Was it justified? Hell yes. Legal and right are two different things.
And similarly, I expected many women post Roe v. Wade would like to have the opportunity to get an abortion out of state anonymously without going to jail.
That’s why anonymous payments are essential: they are the last rampart between you and unjust laws and prejudice.
You’re confused. You talk about EU but bring up an example from your broken af dumbfuckistan.
It’s illegal to discriminate like this in the EU and the credit score bs doesn’t exist, and everyone with a stable job gets their house mortgage.
This new measure will only stop criminals and money laundering or tax evasion. It will have absolutely zero impact on your regular citizens.
This new measure will only stop criminals and money laundering or tax evasion.
As almost all laws of this nature, no. It will harm innocent citizens.
I’d rather see money laundering and tax evasion continue than my privacy infringed.
That happened in Finland last year. But nice try.
And if you think Euro banks don’t profile their customers like motherfuckers like in the US, you’re delusional. Europe isn’t the land of the Care Bears.
Welcome to the communist Europe! This is what the friendly left got us.
this poll shows it’s non-partisan:
https://layer8.space/@hyakinthos/112554837920009346
The left respects privacy far more than the right. But the left also has that high-taxation tendency. The outcome of that tug-of-war within left-leaning people results in ~73% embracing cash – just like the conservatives who don’t give a shit about privacy but have contempt for tax.
This has nothing to do with people… we’re talking about leftist govts that want to track what people own and what money is moved around in order to tax people more.
