CAVOK@lemmy.world to Europe@feddit.orgEnglish · 2 months agoEuropean Union to ban cash payments above €10,000www.theportugalnews.comexternal-linkmessage-square161linkfedilinkarrow-up1278arrow-down14
arrow-up1274arrow-down1external-linkEuropean Union to ban cash payments above €10,000www.theportugalnews.comCAVOK@lemmy.world to Europe@feddit.orgEnglish · 2 months agomessage-square161linkfedilink
minus-squareOmnipitaph@reddthat.comlinkfedilinkEnglisharrow-up8arrow-down2·2 months agoHold up, does this effect the ability to purchase outright cars and homes? The article doesn’t go into detail about what is considered “goods and services”.
minus-squareKsin@lemmy.worldlinkfedilinkEnglisharrow-up7·2 months agoCash here refers to physical currency. It’s not mandating that you take a loan for large purchases if that’s what you’re thinking.
minus-squareOmnipitaph@reddthat.comlinkfedilinkEnglisharrow-up1·2 months agoAh! Okay, that makes way more sense. Thank you!
minus-squareCAVOK@lemmy.worldOPlinkfedilinkEnglisharrow-up5·2 months agoIt doesn’t. You can still buy a house, or a car, just not with cash.
Hold up, does this effect the ability to purchase outright cars and homes? The article doesn’t go into detail about what is considered “goods and services”.
Cash here refers to physical currency. It’s not mandating that you take a loan for large purchases if that’s what you’re thinking.
Ah! Okay, that makes way more sense. Thank you!
It doesn’t. You can still buy a house, or a car, just not with cash.