Re:Cash payments above €3000 to be outlawed in Netherlands
by bathory on Wednesday August 23, 2023 @04:58PM
(#37241783)
There is a somewhat famous case in Germany, where an elderly couple's house got sold without them knowing, because someone changed the paper deed, and some scummy business man confirmed that he got the money in cash.
They better introduce systems like this in Germany too, but they rather drown in mafia related crime than admitting that their analog way of doing business and clinging on to cash is a mistake.
Another useful one is that in order to pay for a house you have to wire the amount to a notary who holds the amount in escrow on a special bank account managed by an entity similar to the national central bank (Caisse des Dépôts). You do not need to worry about not being paid, or being scammed.