CAVOK@lemmy.world to Europe@feddit.orgEnglish · 1 month 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 · 1 month agomessage-square161linkfedilink
minus-squareOmnipitaph@reddthat.comlinkfedilinkEnglisharrow-up8arrow-down2·1 month 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-up7·1 month 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-up1·1 month agoAh! Okay, that makes way more sense. Thank you!
minus-squareCAVOK@lemmy.worldOPlinkfedilinkEnglisharrow-up5·1 month 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.