Source: Foundation for Economic Education
by Cláudia Ascensão Nunes
“Under the guise of fighting money laundering, the EU is making anonymous economic activity progressively harder. Starting in July 2027, Europeans will no longer be allowed to pay businesses or professionals more than €10,000 in cash (roughly $11,500). Any transaction above €3,000 (just under $3,500) will require mandatory customer identification. This is another step toward political uniformity across Europe, stripping countries of autonomy and subtly pushing citizens toward the digital euro. This measure, part of the new Anti-Money Laundering Regulation (AMLR), applies directly to all Member States. Under the pretext of fighting money laundering, Brussels is imposing yet another form of forced harmonization that ignores the principle of subsidiarity: the idea that decisions should be made at the level closest to citizens and national governments.” (05/26/26)
https://fee.org/articles/the-slow-disappearance-of-cash-in-europe/