Good. In Italy we have a 5,000 limit and it indeed prevents some illegal payments.
this post was submitted on 20 May 2026
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The limit only make some illegal payments (like under the table payments) only a little more inconvenient, it does not prevent them.
Isnβt organised crime 10% of Italian GDP?
Bad, because running all payments through banking system is a systemic safety risk.
If banking gets paralyzed like in Greece during debt crisis you'll be fucked.
It's not for all payments, just the ones above 10k. It's right in the title.
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If banking gets paralyzed like in Greece during debt crisis youβll be fucked.
Youβll be fucked in any case. If the banks are paralyzed you cannot get your money anyway.
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And other valuables north of 10'000 β¬?
Aaaand another little slice of personal freedom gone...
I never met anyone who paid β¬10,000 in cash. Like, how is someone able to carry all that much? In a suitcase? You'd also be a walking target for robbery if someone knows you are carrying a suitcase with β¬10,000 in cash. That amount is life changing for most ordinary Europeans. β¬10,000 is not going to make someone rich, but it's going towards savings for someone financially wise enough.
Edit: people are talking about it's possible to carry β¬10,000 cash by saying they have β¬100 notes. But I thought they are out circulation precisely because of money laundering and criminal transactions?
This comment is poorly informed. Private car sales use cash a lot. 10,000 isnt suitcase worthy. Any volume of cash of a target. β¬10,000 being life changing is suspect, in what regard is it specific to europeans.
Yeah fair enough. Someone mentioned they could carry β¬10,000, somehow, when I could barely fit wads of β¬50 bills in my wallet. So I doubted people paying in cash with β¬10,000.
β¬10,000 is a handsome amount of money to have. That's why I put the caveat "someone financially wise enough". From my experience, a lot of people spend more beyond their means, and then complain they can't afford a house or raise a family. I am no faulting people, but most of us have been conditioned with the old assumptions that working alone could allow us to travel, party in our youth, and then afford to save later for a home. Nobody taught us about inflation.
Payment for surgery to doctors who arent allowed to be paid, in a failed universal healthcare system. Or doctors who want to tax evade. This is a necessity if you want your poorer country to keep any decent doctors. Because why would any doctor work for 1500β¬ when they can easily migrate and find a job for 10k+.
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Stupid law
Money can be changed into something that isn't money, yet functionally works the same for a single transaction, very easily
Especially if you're already committing crimes
This is as effective as DRM; it hurts law abiding citizens more than those breaking the law
Money is the universal way to exchange goods or services. Yes, you may be getting paid for your tax-doging renovation in gold, bitcoin or artworks. You may accept Monero or Roblox gift cards as a payment for drugs. And you might find other people who will accept Roblox gift cards, but that doesn't scale.
But then you have 10.000β¬+ in Bitcoin or gold and need to exchange it into real money in order to use it. Your local supermarket will not accept gold. You may be able to buy a house with Bitcoin, but the seller also needs to launder this money into something usable.
The neat thing here is that this might work for some small drug dealer or some craftsman doing a few things off the book. But if you're doing a lager scale operation, that will get harder
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our money
I don't know how I feel about this. Generally though I think I'm against it even if rich people do abuse whatever. What am I saying I'm definitely against this. They chose to use money, they chose to allow things to cost a lot more than 10,000 pounds but we can't pay with more than 10,000 pounds? Why? So we go through their Banks and bullshit. It's about control I presume.
It's not about credit vs buying outright, it's about banning the use of actual banknotes for large transactions. That's a popular way to launder money and hide income for tax evasion.
Under the new rules, businesses and professionals selling goods or services will no longer be allowed to accept or make cash payments of β¬10,000 or more.
This doesn't apply to private transactions, by the way.
Off the top of my head, I can't think of a single example of a legitimate legal business that would be done using cash in that amount.
So while there's definitely a danger of the rules being tightened over time, this specific change here doesn't raise my concern too much.
What bothers me more is the utter lack of any effective measure against the true problem in tax fraud β those who do it at a truly large scale still get away without any punishment or control, and in fact sit at the table when the tax laws are written.
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