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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 Zircom on Saturday December 10, 2022 @08:45PM (#33939130)
Scenario one - Person A bank transfers Person B $10,000 for their classic car at the car show. Person A leaves, and then several days later the money is clawed back from Person B's account as it turns out it was sent from a stolen/compromised account. They now have no money and no car.

Scenario two - Person A gives Person B $10,000 in cash for their classic car at the car show. Person A leaves, and Person B could give a shit about anything to do with Person A as soon as they are out of sight.

[ Parent | on HN ]
Re:EU-wide maximum limit of €10K for cash payments by martin8412 on Sunday December 11, 2022 @06:21AM (#33942260)
In scenario two, person B goes tries to use the cash, turns out it's counterfeit. They now have no money and no car.
[ Parent | on HN ]