News for hackers. Stuff that matters.

A comment on EU-wide maximum limit of €10K for cash payments. Parent comment

Re:EU-wide maximum limit of €10K for cash payments by bobthepanda on Saturday December 10, 2022 @05:40PM (#33937756)
Americans don’t use such large sums of cash in transactions very frequently, do others?

The only large exception I am aware of is dispensaries because banks don’t want potential drug money laundering charges.

[ Parent | on HN ]
Re:EU-wide maximum limit of €10K for cash payments by kube-system on Saturday December 10, 2022 @09:27PM (#33939440)
A significant portion of the US population uses cash for everything. Only about 2/3 of Americans use traditional banks for their finances. Most of them are poor, so they're not making many transactions over 10k, but those people will pay for cars, rent, etc in cash.
[ Parent | on HN ]