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Cash payments above €3000 to be outlawed in Netherlands

rijksoverheid.nl

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Re: Cash payments above €3000 to be outlawed in Netherlands

#61

Post by xxs »

michaelt wrote: post #55
sakisv wrote: post #32

Earlier quoted context omitted.

Wow Greece has a limit of 500 euro, but: "There is no cash limit for car purchases" wth? EDIT: Also this something that I didn't know about the UK > With regard to the change, there are unlimited payments of £ 5, £ 2 and £ 1. Coins with a face value of 50p, 25p and 20p can pay amounts up to £ 10, with 10p and 5p up to £ 5 and with 2p and 1p up to 20p.

> "There is no cash limit for car purchases" wth? Cash isn't great, but some people don't use online banking - and in a private sale, only a fool would hand over their car keys to a stranger in exchange for a cheque . (Of course, this was a much bigger issue 15 years ago - these days we have faster payments, and the vast majority of people can make payments from their phone.)

>Cash isn't great, but some people don't use online banking

This is the US version of the events. I don't know all EU member states in detail, but I can't think of one where it's possible to receive salary/pension in cash.

Cheques have not been a thing for 20y+, I wonder if they are still issued.

Re: Cash payments above €3000 to be outlawed in Netherlands

#62

Post by KaiserPro »

cies wrote: post #23

Let bring back gold payments! There are already some institutions that offer gold certificates: notes that represent gold stored in some bolt and collectable on demand. It was a good idea all along and the reason that "gold back currency does not fit a growing economy" is BS if not properly substantiated.

There is nothing stopping you from using gold as payment.

But its not anonymous, if you want consumer protection then you need a contract (thats how gold is traded, and has been for many many years)

You don't want to physically exchange gold, because verification of gold's value is super hard. In low volumes proving that you have the correct volume and purity is very difficult and expensive.

Re: Cash payments above €3000 to be outlawed in Netherlands

#63

Post by zer8k »

traveler01 wrote: post #57

It does start to feel that you serve more your government than it serves you. It wants to control everything, even how we spend our cash and how.

Because they can't track it. Without total control of every aspect of your life they can't make sure you're a Good Person (TM). What if we let the Bad Guys (R) do whatever they want? Won't you think of the children? You wouldn't want children hurt would you? The irony of all this is the people that want sex workers, minorities, and other marginalized communities to live without fear also vote for these policies to keep their Bad Guy (R) under their thumb.

Sic semper tyrannis.

Re: Cash payments above €3000 to be outlawed in Netherlands

#64

Post by liquidpele »

post-it wrote: post #47
po8tin wrote: post #26

Earlier quoted context omitted.

[flagged]

Yeah but capitalism isn't going away, it's just transitioning into full surveillance capitalism.

Oh please. This is entirely about making things fair by cutting down on people, cheating the tax code. As much as people hate taxes, they are essential for a society to function… it is essentially your way of buying into the privilege of living in a nice society.

Re: Cash payments above €3000 to be outlawed in Netherlands

#65

Post by spacewrangler »

mdrzn wrote: post #53

The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.

None of your business.

Re: Cash payments above €3000 to be outlawed in Netherlands

#66

Post by aaomidi »

mdrzn wrote: post #53

The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.

“I don’t want to store my money in a bank”.

Re: Cash payments above €3000 to be outlawed in Netherlands

#68

Post by itronitron »

sakisv wrote: post #32
potatototoo99 wrote: post #10

There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.

Wow Greece has a limit of 500 euro, but: "There is no cash limit for car purchases" wth? EDIT: Also this something that I didn't know about the UK > With regard to the change, there are unlimited payments of £ 5, £ 2 and £ 1. Coins with a face value of 50p, 25p and 20p can pay amounts up to £ 10, with 10p and 5p up to £ 5 and with 2p and 1p up to 20p.

Can I also pay in cars?

Re: Cash payments above €3000 to be outlawed in Netherlands

#69

Post by benterix »

intotheabyss wrote: post #58
version_five wrote: post #19

Earlier quoted context omitted.

In Canada, and I think the US we cannot cross the border with > 10k in cash (edit: more if you declare it as mentioned below). The law has been there for as long as I can remember, be I sure purchasing power of 10k has gone down by at least a factor of 4-10 over the life of the law. All regulation type laws need sunset clauses and all dollar amounts should be inflation linked. The government shouldn't be able to scam…

Which is funny because I can cross any border with 12 words in my head containing stablecoins.

Which becomes a problem once you try to cash them in.

Re: Cash payments above €3000 to be outlawed in Netherlands

#70

Post by renegade-otter »

raincom wrote: post #16
bluescrn wrote: post #5

Give it a decade or two of inflation, and that's cash effectively outlawed

Exactly this. Currency transaction reports are mandatory for any individual transactions > $10,000. This limit $10K was established in 1970 (Bank Secrecy Act). After 50 years, $10,000 of 1970 should have been at least $50K of 2023. Politicians and their crony bureaucrats never want to index these limits with inflation.

Correction: the index what they need for the right people.
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