
EU to ban cash payments above €10,000 from July 2027
- —Cash payments above €10,000 are banned across the EU from July 10, 2027
- —Splitting a payment into smaller cash instalments does not bypass the cap
- —Identity verification is required for one-off cash deals of €3,000 or more
- —Member states may keep stricter limits, such as Spain's €1,000 cap
Why it matters: The cap pushes large transactions toward digital rails, though its direct impact on bitcoin demand remains uncertain.
Source: Blockmedia
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