xmrk ₿ ⚡️ on Nostr: Proudly participating in #bankrun . And it reminded me of a campaing in Spanish ...
Proudly participating in #bankrun . And it reminded me of a campaing in Spanish newspapers back in July 2022. They claimed you may have to justify your cash withdrawal of more than 1000 euros, and have to justify it if more than 3000 euros. For example (google translated to english): https://www-lasprovincias-es.translate.goog/economia/banca/nuevo-limite-dinero-efectivo-hacienda-20220712204039-nt.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp .
If true*, it sounds outrageous in current situation. I am forced to suffer a counterparty risk at least in some conditions, like having more than 3000 eur in bank. And what justification is acceptable? If I may just say "I don't trust banks", then the whole justification thing is pointless. And if I may not? Ah, I have to risk and hope that banks do not fail or are bailed out. Well, I may also buy bitcoin, no limit AFAIK, so perhaps the tax agency is really trying to foster bitcoin adoption. 😀
* I have some doubts, none of the articles mentions concrete part of a law or regulation, and I found nothing concrete in the most obvious candidates (law on money laundering, some tax laws).
If true*, it sounds outrageous in current situation. I am forced to suffer a counterparty risk at least in some conditions, like having more than 3000 eur in bank. And what justification is acceptable? If I may just say "I don't trust banks", then the whole justification thing is pointless. And if I may not? Ah, I have to risk and hope that banks do not fail or are bailed out. Well, I may also buy bitcoin, no limit AFAIK, so perhaps the tax agency is really trying to foster bitcoin adoption. 😀
* I have some doubts, none of the articles mentions concrete part of a law or regulation, and I found nothing concrete in the most obvious candidates (law on money laundering, some tax laws).