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European Union imposes €10,000 cash limit starting July 2027, paving way for digital euro
Starting July 10, 2027, paying for anything above €10,000 in cash across the European Union will be illegal for commercial transactions. Regulation (EU) 2024/1624 sets a bloc-wide ceiling that forces businesses and their customers toward traceable payment methods like bank transfers and cards.
The European Central Bank is simultaneously preparing a digital euro pilot for the second half of 2027.
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