this post was submitted on 23 Jul 2024
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Cashless society, forced banking, and the War on Cash

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In many regions people are being forced patronize banks. This community is for that discussion regardless of which side of the war on cash you are on.

The war on cash is war on privacy.

related communities (decentralized only)

closely related:
☠ !cashless_society@nano.garden (ghost node) ← only reachable from instances that federated to that community before nano.garden disappeared

loosely related:
!offgrid@slrpnk.net
!climate_action_individual@slrpnk.net
!fightforprivacy@feddit.ch
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!right_to_unplug@sopuli.xyz

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activistPnk
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Europe limits anonymous cash payments to €3k and all cash payments to €10k (www.evz.de)
submitted 4 months ago* (last edited 4 months ago) by activistPnk to c/cash
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The EU has quietly imposed cash limits EU-wide:

  • €3k limit on anonymous payments
  • €10k limit regardless (link which also lists state-by-state limits).

From the jailed¹ article:

An EU-wide maximum limit of €10 000 is set for cash payments, which will make it harder for criminals to launder dirty money.

It will also strip dignity and autonomy from non-criminal adults, you nannying assholes!

In addition, according to the provisional agreement, obliged entities will need to identify and verify the identity of a person who carries out an occasional transaction in cash between €3 000 and €10 000.

The hunt for “money launderers” and “terrorists” is not likely meaningfully facilitated by depriving the privacy of people involved in small €3k transactions. It’s a bogus excuse for empowering a police surveillance state. It’s a shame how quietly this apparently happened. No news or chatter about it.

¹ the EU’s own website is an exclusive privacy-abusing Cloudflare site inaccessible several demographics of people. Sad that we need to rely on the website of a US library to get equitable access to official EU communication.

update

The Pirate party’s reaction is spot on. They also point out that cryptocurrency is affected. Which in the end amounts to forced banking.

#warOnCash

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[–] activistPnk 1 points 1 week ago* (last edited 1 week ago)

From our side we can already do many things. For example using cash helps. using a crypto like monero through a decentralized wallet helps, delaying to obtain a digital Id (wherever this is possible) helps. And we learn as we go!

Yeah indeed we need more cash and/or cryptocurrency users. More speciifically, fewer bank users. It’s really a tough sell because people are so hooked on convenience. And I think that convenience is so powerful that it manufactures a good dose of bias that prevents the convenience zombies from absorbing anything bad news about banks. This is compounded with the addiction to Amazon.