EU will ban cash payments over €10,000 starting July 2027

A bloc-wide cap on large cash deals arrives in 2027, with ID checks kicking in for cash transactions over €3,000 The European Union is putting a ceiling on how much cash can change hands in a single deal. Starting July 10, 2027, businesses across all member states will be barred from accepting cash payments above €10,000. There’s a second layer too. Cash transactions over €3,000 will require identity verification, so the anonymous envelope of banknotes is about to get a lot more paperwork attached.

Source: Crypto Briefing