Bavaria’s Finance Minister Albert Füracker (CSU) considers a general limit on the use of cash to be disproportionate. “The compulsion to pay digitally does not automatically lead to less crime – this is also reflected in cybercrime, which, in case of doubt, does not require any cash at all,” he said on Sunday in Munich. Füracker reacted to Federal Interior Minister Nancy Faeser (SPD), who had proposed a limit of 10,000 euros for cash payments. “I am committed to introducing a general cash limit of 10,000 euros. This reduces the risk of criminals’ assets being concealed,” she told the “Bild am Sonntag”. The aim is to “smash up criminal structures and consistently deprive them of criminal income”. At the end of October, the federal government passed a law that would no longer allow real estate to be paid for in cash in the future. The Bundestag and Bundesrat still have to deal with it.
Bavaria’s Finance Minister Füracker rejects cash ceiling – Bavaria
