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hello everyone today Im going to discuss the European Unions new proposed bill that would put a 10 000 Euro limit on cash payments this means that any transaction that exceeds this amount would need to be conducted using alternative payment methods such as Bank transfers credit cards or digital currencies instead of cash this would force citizens and businesses within the EU to use alternative payment methods for transactions that exceed ten thousand Euros The Proposal also states that transactions over one thousand Euros in digital currencies such as Bitcoin and ethereum will be closely scrutinized by the government this is to ensure that these digital payment systems are not being used for money laundering or other illegal activities the European Unions proposed rule to limit cash payments to ten thousand Euros is an important step towards reducing the amount of money laundering and illegal activity that takes place within the EU