Cash payments above €3000 to be outlawed in Netherlands

Re:Cash payments above €3000 to be outlawed in Netherlands by mdrzn on Wednesday August 23, 2023 @10:35AM (#37236648)

So maybe we should fix fractional reserve instead of having an issue against cash? I would rather pay $10k with a bank transfer than having to carry that much on me.

[ Parent | on HN ]

Re:Cash payments above €3000 to be outlawed in Netherlands by ClarityJones on Wednesday August 23, 2023 @10:45AM (#37236834)

Yes, fractional reserve banking should be reformed, and that's a reasonable preference. However, my point is that it's also reasonable for people to want to have physical possession of their assets.

[ Parent | on HN ]

Re:Cash payments above €3000 to be outlawed in Netherlands by totony on Wednesday August 23, 2023 @11:56AM (#37238011)

What if the bank doesn't allow you to make that transaction? How much delay are you willing to accept? Fees?

[ Parent | on HN ]