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I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?
Buying a Macbook Pro 16" M2 and a Samsung Odyssey Neo G9 at the same time from the same place.
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.
Whenever I buy a car, tractor, cattle, pump repair, implements, out-buildings, solar system installation, fuel storage, etc... Because I pay cash and keep the bankers out of the transaction it costs me less and it costs the seller less. I negotiate this ahead of time. Most people in business would rather have cash in hand than wait on the bank and pay their fees.
In EU you could pay for all those things with a quick and free bank transfer for any amount, so you wouldn't even need to withdraw and travel with all that cash on you. There's no "bank fees", there's no "bankers" to keep out of the transaction, because they don't take any fee.
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Why do I get the feeling that you hope for this outcome, from this comment? And maybe you never visited the Netherlands? By the way, the boiling frog thing has been debunked many times: https://en.wikipedia.org/wiki/Boiling_frog
It seems to work well for things other than frogs, like normalizing microtransactions and gambling in video games.
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Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.
That article does indicate limits in Norway when an entrepreneur is involved, though not when both parties are private individuals.
They can't control the black market in drugs, what makes them think controlling a black market in cash , which is a million times more desirable, will be any more successful? There's the small matter of millions of undocumented migrants entering Europe who will be trapped in this now-illegal-cash underclass, and these financial oppression laws just incentivise and create criminal networks to facilitate basic economy.…
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.
> Why would someone need to pay for 10k in cash? For their own personal reasons. Purchasing a business, a vehicle, a property or other real/tangible asset, hush money, avoiding a lawsuit, and so forth. > Where does that cash come from? It doesn't matter. Why do you care where people get their currency from? Do you have a rash of mint or bank robberies or something?