makeasnekMar 21, 2024

EU moving towards total monetary surveillance and banning all anonymous payments

https://lemmy.ml/post/13481220

EU moving towards total monetary surveillance and banning all anonymous payments - Lemmy

How to contact your MEP: https://www.europarl.europa.eu/portal/en/contact [https://www.europarl.europa.eu/portal/en/contact] Source: https://snort.social/nevent1qqsvcedd6dg39eh6633uqqff0p9h2zqyhu3zd6kwyyhzqj7da02x4pszyqe2wpknmwkyd0t295d5ezvtaxr00ngxjtcfuct8pfvyec3snckpwqcyqqqqqqgz2f7lp [https://snort.social/nevent1qqsvcedd6dg39eh6633uqqff0p9h2zqyhu3zd6kwyyhzqj7da02x4pszyqe2wpknmwkyd0t295d5ezvtaxr00ngxjtcfuct8pfvyec3snckpwqcyqqqqqqgz2f7lp]

Show threadshrugalMar 21, 2024

Clickbait headline. The underlying article lists much more reasonable restrictions:

  • Anonymous cash payments over €3,000 will be banned in commercial transactions
  • Cash payments over €10,000 will even be completely banned in business transactions
  • Anonymous payments in cryptocurrencies to wallets operated by providers will be prohibited

So non-commercial transations are fine, as are crypto transactions to non-custodial wallets.

EU cash cap and ban on anonymous crypto payments results in financial paternalism

The majority of the EU Parliament's lead committees today approved far-reaching new anti-money laundering laws: Anonymous cash payments over €3,000 will be banned in commercial transactions. Cash payments over €10,000 will even be completely banned in business transactions. And anonymous payments in

Patrick Breyer
Show threadSnot Flickerman
That’s all pretty damn reasonable…
Mar 21, 2024 at 11:03pmWeb
Show threadPossibly linuxMar 21, 2024
Unless you want to buy something with cash. Once they cross the line they won’t stop until cash and anonymity are gone
Show threadsugar_in_your_teaMar 22, 2024
Yeah, that’s my concern as well. However, most large cash purchases are things that are tracked anyway, like vehicles, houses, etc.