Mairead McGuinness. Photo: Alexandros Michailidis/Bloomberg

Cars, funerals and home improvements: EU to crack down on large cash payments

  • Cash payments will be banned under EU rules expected to come into force within three years
  • Move could affect a large section of society who choose to operate solely on a cash basis

This is a part of a larger plan to remove the untraceable and uncontrollable cash from the market and pave the way for totalitarian CBDCs.

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