EU Cash Limit: What You Need to Know
Europe News Today | 2 Min News | The Daily News Now - A podcast by The Daily News Now! - Tuesdays
EU Introduces Cash Payment Limit, Not Banning Cash OutrightThe European Union is implementing a new regulation, capping cash payments to businesses at ten thousand euros, to combat money laundering. This measure, set to take effect in 2027, wont affect private transactions or daily purchases. The goal is to push more payments into traceable channels, making it harder for criminals to launder money.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
