Europe

This is basically the Scandinavian model. Have never had a transfer blocked in the last decade. Good thing we don't have US government here in Europe, so we don't need to adopt the US scepticism of government.

Margarita machines dont pay for themselves.

https://www.forbes.com/sites/instituteforjustice/2025/09/26/forfeiture-funds-encourage-law-enforcement-to-misspend-public-money/

Yea i love when most police raids for suspicion of drug dealing end up being something along the lines of "we broke into this person house and he had one half smoked joint and 10,000 dollars in bills" which of course means that the money is now proof of crime and belongs to the cops now

Bought my first car using cash, this was the early 2000s - and was (at the time) the most available way for a teenager to transfer funds to another person.

I will say, my heartbeat walking out of the bank and to my mum waiting in her car would have set a world record high.

No that's not stupid. It adds a layer of friction for criminals. In Italy where this law already applies for 5000€ (before it was 2000) it helps reduce black market.

Source: I used to be paid in cash (illegally) and it was a pain in the ass to do anything so now I get paid lawfully and my boss pays taxes

Money can be changed into something that isn't money, yet functionally works the same for a single transaction, very easily

Shops usually don't accept "something that isn't money" as payment.

This measure aims to make it harder for criminals to wash their illicit money using legit businesses.

Its not supposed to stop criminals thats just what they say to increase the effusiveness of the surveillance state.

They will not let businesses invoice large cash amounts.

Crypto, as scamy as the crypto scene is anonymous payments are what Monero was made for. People should use Monero, fuck ur government spying

I never met anyone who paid €10,000 in cash. Like, how is someone able to carry all that much? In a suitcase? You'd also be a walking target for robbery if someone knows you are carrying a suitcase with €10,000 in cash. That amount is life changing for most ordinary Europeans. €10,000 is not going to make someone rich, but it's going towards savings for someone financially wise enough.

Edit: people are talking about it's possible to carry €10,000 cash by saying they have €100 notes. But I thought they are out circulation precisely because of money laundering and criminal transactions?

Under the new rules, businesses and professionals selling goods or services will no longer be allowed to accept or make cash payments of €10,000 or more.

This doesn't apply to private transactions, by the way.
Off the top of my head, I can't think of a single example of a legitimate legal business that would be done using cash in that amount.
So while there's definitely a danger of the rules being tightened over time, this specific change here doesn't raise my concern too much.
What bothers me more is the utter lack of any effective measure against the true problem in tax fraud – those who do it at a truly large scale still get away without any punishment or control, and in fact sit at the table when the tax laws are written.

10,000 pounds

The UK is not part of the EU.

The limit only make some illegal payments (like under the table payments) only a little more inconvenient, it does not prevent them.

Bad, because running all payments through banking system is a systemic safety risk.

If banking gets paralyzed like in Greece during debt crisis you'll be fucked.