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Minister Calls for France to Become 'Cashless Society'

  • French Justice Minister Gérald Darmanin proposed banning cash to combat crime, especially drug dealing, during a May 2025 Senate hearing.
  • This proposal follows tightening cash restrictions in France and the EU and coincides with a 2027 EU directive capping cash transactions at €10,000 to curb illicit flows.
  • A 2024 Banque de France survey showed 62% of people prefer card payments, yet 60% still value cash for privacy and budgeting reasons amid rising digital payments.
  • Darmanin explained that much of everyday crime and organized criminal groups depend on cash, and he emphasized that cryptocurrencies are generally more traceable than physical currency.
  • The proposed cash ban could face public resistance but aims to reduce untraceable transactions despite expected shifts to monitored cryptocurrencies.
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projetarcadie.com broke the news in on Thursday, May 22, 2025.
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