The European Union will impose a bloc-wide €10,000 limit on cash payments for goods and services from 10 July 2027 under new anti-money laundering rules.
The measure, known as Regulation (EU) 2024/1624, is designed to curb illicit finance by harmonizing cash transaction limits across the EU, while allowing individual member states to adopt even stricter thresholds.
The regulation also introduces sweeping changes for crypto and other high-risk sectors.
It imposes new identity verification requirements for crypto transactions, effectively bars regulated providers from handling privacy coins, and extends AML obligations to crypto firms, football clubs, crowdfunding platforms, investment migration operators, and luxury goods dealers.
The cash limits
