• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»World»Europe Pushing the ‘Criminalisation’ of Physical Cash, MEP Warns
World

Europe Pushing the ‘Criminalisation’ of Physical Cash, MEP Warns

April 1, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The European Union is in danger of “criminalising” the use of physical cash with its new anti-money laundering laws, an MEP has warned.

Dr Gunnar Beck, a representative for the populist Alternative for Germany (AfD) party, has warned that the EU appears to be pushing for the “criminalisation” of the use of physical cash with its new anti-money laundering (AML) laws.

Politicians in Brussels have long been pondering an upper legal limit on the value of cash transactions within the bloc, with lawmakers detailing plans to ban Europeans from spending over €10,000 in physical tender as part of a single transaction.

The European Parliament however has now voted for such a proposed limit to be dropped down to as little as €7,000 as part of efforts to clamp down on money laundering and tax dodging within the bloc, with officials also voting to see cryptocurrency transactions paying for goods and services that are valued over €1,000 to be banned.

Many within the parliament appear to be justifying the decisions as being an important step in curtailing criminality within Europe, though Dr Beck warns that the limits on cash payments now appear to have gone too far.

In a statement to Breitbart Europe, Beck emphasised that while the AfD welcomed additional efforts to tackle money laundering and terrorist financing, it rejected the parliament’s call for cash transactions to be curtailed.

“While we should focus on money laundering by organized crime and Islamist terrorists, the EU chooses to tighten its surveillance of German savers and pensioners transactions,” Dr Beck remarked. “This is a mistake.”

See also  Ranger Warns AG About 'Crooked' Donor

He went on to claim that the AfD were now the “only party defending cash freedom” in Germany, with the members of other supposedly right-leaning parties from the country allegedly voting in favour of the cash restrictions, despite criticising the implementation of similar measures at home.

The populist representative also expressed concern about the nature of the measures Brussels is looking to pass, with the fact that Eurocrats have reportedly decided to opt “for a regulation instead of a directive” meaning that individual nation-states will not be able to avoid having to implement the anti-cash reforms, even if they want to protect the use of physical legal tender within their own countries.

Great Reset: Banks Using ‘Sneaky Tactics’ to Drive Public Towards Cashless Society – Unionhttps://t.co/WGUguiQSm3

— Breitbart London (@BreitbartLondon) August 2, 2022

Dr Beck went on to note however that things could be way worse though, with the EU parliamentarians being said to have rejected an even lower limit to cash transactions before arriving at the €7,000 figure.

“Fortunately, the rapporteurs’ original proposal of €3,000 was increased significantly, also thanks to pressure from the AfD in the negotiation process,” the German representative said, though added that he and his party would have preferred to see the suggested limit remain at €10,000.

The move to restrict cash transactions within the bloc appears to be part of a larger trend in Europe and the West more broadly, with Australia being one of the first nations to declare it was implementing a ban on cash transactions of 10,000 AUD (~$6,600) or more.

See also  MSM Slowly Comes to Grips With Ukraine’s Diminishing Support in Europe, in the US and Worldwide | The Gateway Pundit

Though the southern hemisphere nation later lost interest in actually implementing the policy, nations in Europe have appeared far keener to curtail cash, with German politicians currently brawling over whether or not a legal limit on such transactions is a good idea.

Other European nations already have such measures in place, with the Netherlands banning cash transactions of over €3,000.

Things are even more strict in France, where residents of the country are legally prohibited from paying for goods or services with cash where the transaction would amount to over €1,000, a figure that even prices out many modern electronic devices, such as laptops and smartphones.

‘Cashless Society’ Would Leave Millions Struggling – Reporthttps://t.co/WfzcIYM4vn

— Breitbart London (@BreitbartLondon) March 31, 2022

Follow Peter Caddle on Twitter: @Peter_Caddle
Follow Breitbart London on Facebook: Breitbart London

cash Criminalisation Europe MEP Physical Pushing warns
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Understanding The Emotional And Physical Impact Of Elder Abuse On Senior Health

April 17, 2025

Signs You Need Physical Therapy After An Injury

December 14, 2024

Appeals Court Deals Blow To Nasdaq’s Efforts At Pushing Diversity Rules On Companies

December 12, 2024

EXCLUSIVE: Yeti Accused Of Going ‘Full Woke’ After Years Pushing DEI, Sponsoring Trans Ideology For Kids

November 22, 2024
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Up to 3K Migrants Poised to Cross into Texas Border Town

September 22, 2023

Gwyneth Paltrow Refers To Her Long Covid When Responding To Bone Broth Backlash

March 18, 2023

US bond market signals the end of an era

October 2, 2023

Australian regulator probes PETstock’s prior M&As ahead of Woolworths deal

October 19, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

The Case for a Taiwan-US Semiconductor Agreement

March 12, 2025

Disney’s ‘The Little Mermaid’ Posts Dismal Ticket Pre-Sale in China

May 25, 2023

Former Exec Reveals Aggressive Tactics to Dominate Mobile Search Market

September 15, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.