France tightening compliance on cash transactions – impact on digital currencies

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As of end of September, in France transaction above 1000 euros will be prohibited and transactions over 10,000 euros will be reported to TracFIN. This is a crack-down for anti-terrorism purposes. At this stage it is unclear what impact that will have on digital currency transactions. The movement of gold across borders has been affected too, so these measures are not exclusive to cash transactions.