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 not sure how you get such a perversely twisted idea from my thesis. Nothing in that comment you replied to advocates tax fraud. People should have the freedom to boycott banks. They should have the right to boycott Google and Microsoft. Participation in the private sector marketplace should be optional. Privacy rights enshrined in human rights law are an important component to my thesis. Your contempt for human rights is shameful. To be clear–
Universal Declaration of Human Rights, Article 12:
No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honour and reputation. Everyone has the right to the protection of the law against such interference or attacks.
International Covenant on Civil and Political Rights, Article 17:
- No one shall be subjected to arbitrary or unlawful interference with his privacy, family, home or correspondence, nor to unlawful attacks on his honour and reputation.
(emphasis mine)
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.
