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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.
Spain's 1,000€ may be the most restrictive, close to Romania's 5,000 lei.
I'm very much a fan of choice here. I haven't personally used cash more than twice in the last 3 years, I love the convenience of Apple/Google Pay, but cash clearly still needs to exist
The internal argument is that it is not convenient for me to need to work only with cash. That is true it is less convenient but when I sacrifice due diligence for convenience then it turns out long term cash is more convenient.
The news like this make songs like this very popular: https://m.youtube.com/watch?v=sqSA-SY5Hro (Lord knows they all just wanna have total control)
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It's paradise.
Yes, people with big cars and serial killers are frowned upon. What's not to like though?
It's not a lot of money, and given inflation, diminishingly so. This is targeted at law abiding smallholding farmers where roadside transactions are often done in cash and farmers everywhere have a lot of tax relief precisely because they provide food security for nations - and it's to the benefit of criminal networks to top it off. The architects of this policy are disgusting.
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By the way, the boiling frog thing has been debunked many times: https://en.wikipedia.org/wiki/Boiling_frog
Earlier quoted context omitted.
> "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.
By far the most common method of receiving income from an employer in the US is direct deposit. For people who refuse, the fallback position is typically a card (essentially a refillable gift card).
Checks still do exist, but primarily for one-off payments where the payer and payee don't have much of a relationship.
NL is just crazy with all the rules and all-around money, they have so much control over it that I have never seen that in any other place.
https://www.europe-consommateurs.eu/en/shopping-internet/cas...