Playing Devil’s Advocate here, but is there any legitimate reason why anyone would need to pay €10k in cash rather than by debit / credit card, cheque, bank transfer etc though?
I can’t think of any & I can’t think of any legitimate scenario were I’d want to pay €10k in cash.
Same as how the EU eventually scrapped the €500 note - it essentially existed only for ease of transport for money laundering & I see the €10k limit as the same, as an anti-money laundering tactic.
Because I want to should be enough.
I don't want to keep my money in banks only to have my account frozen, like what happened in Canada.
Or what happened in Greece in 2015 when you could withdraw 60€/day. If shit hits the fan I want to take my money, my steroids and leave that place. Without cash isn't possible
I don't trust banks, so I don't work with them (I work with banks but it a example).
It's my money, and it's my business how I spend it, whether with cash or a transfer.
If they suspect anything, there are several departments that should catch me.
But it's my freedom to choose how I pay for a car,house or a stupid expensive computer.
Money laundering is a pretext for more surveillance of citizens. They always create a danger, and the solution is to cut some of your freedom. Slowly but surely, control increases until freedom is doing what the government tells you and obeying their rules without question because it's for your good.
Like it was patriot act after 9/11. Or covid when you become a prisoner in your home because it's for your own good and safety.
Making people scared and afraid work every single time
