Big Brother is watching: EU cracks down on cash transactions ...News

Russia Today - Economy
Big Brother is watching: EU cracks down on cash transactions
source : Russia Today ( News ) () 113
The bloc is broadening anti-money laundering measures to include cryptocurrency, luxury goods, and football The European Union has put together a preliminary agreement that includes a €10,000 cap on cash payments to address the challenges posed by money laundering and the financing of terrorism. The accord, reached through negotiations among member states and the European Parliament this week, seeks to protect citizens and the EU financial system from illicit financial activities. However, the proposed legislation raises privacy concerns and fears of state surveillance and government control over how people spend

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