8 TAL Europe has it far worse off about cash limitations than Americans realize. France only allows 1,000€. Italy just upted it to 5,000 but wants to drop it again. EU announced tolerating 10K but IMF and WB push banks to limit to 1K withdrawal with some discussion why you need it. This is coming here (media.scored.co) posted 232 days ago by pkvi_halfkdeltaxsq 232 days ago by pkvi_halfkdeltaxsq +11 / -3 7 comments share 7 comments share save hide report block hide replies
It's about taxes. They don't give a shit if you sell drugs and need to launder money. I'm half inclined to say that if a cocaine dealer sent the IRS a check for million bucks the feds would probably look the other way.