With the downward trend in cash limits in Europe, this is to be welcomed. In some countries the limit is as low as €1,000. Some say this encourages the underground economy, and indeed it does, but it also respects the privacy of people who do not defraud and do not want to be monitored.


I agree, but I would point out that for low amounts it is the best. If you want to move 1 million pounds or euros, the best option is bitcoin, but for day-to-day payments with privacy there is nothing better than cash, because with cash you pay everywhere (with some rare exceptions) while the options for day-to-day payments with bitcoin are very limited.