EU cash cap and ban on anonymous crypto payments results in financial paternalism
The majority of the EU Parliament’s lead committees today approved far-reaching new anti-money laundering laws: Anonymous cash payments over €3,000 will be banned in commercial transactions. Cash payments over €10,000 will even be completely banned in business transactions. And anonymous payments in cryptocurrencies to wallets operated by providers (hosted wallets) will be prohibited even for minimum amounts without a threshold.
MEP and digital freedom fighter Dr. Patrick Breyer (Pirate Party) e...
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