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The Slow Disappearance Of Cash In Europe
The Slow Disappearance Of Cash In Europe
Authored by Cláudia Ascensão Nunes via the Foundation for Economic Education (FEE),
Under the guise of fighting money laundering, the EU is making anonymous economic activity progressively harder...
Starting in July 2027, Europeans will no longer be allowed to pay businesses or professionals more than €10,000 in cash (roughly $11,500). Any transaction above €3,000 (just under $3,500) will require mandatory customer identification. This is another step toward political uniformity across Europe, stripping countries of autonomy and subtly pushing citizens toward the digital euro.
This measure, part of the...
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