Buffalox , 4 months ago (edited 4 months ago)

No it’s not that, cash is so marginally used today, that any greater amount of cash is de-facto suspect, and potentially illegal.
Even most old people and teens use electronic payments.
We got universal electronic/card payments in the 80’s that quickly became dominant, because it was a cooperation between state and banks, so trust was high, and price was zero, because banks paid the cost through administrative savings. Now there’s a small fee per transaction paid by the shop. Private as in personal transactions are free.
We simply don’t need cash for anything anywhere. So most people don’t even bother with cash at all anymore.

Apart from the cash restrictions that were introduced a few years back, we have very liberal money/investment regulation.
Ironically all shops have to still accept cash, because is still legal payment. But you can’t for buying a car, because that’s above the legal amount for a dealer to receive. I have no idea how that’s supposed to work legally, because I’m not a lawyer, and cash is almost obsolete here anyway.