Euro News reports:
In reality, the EU hasn't banned cash. It is, however, introducing a bloc-wide limit on how much you can pay in banknotes to a business, as part of a sweeping overhaul targeting money-laundering set to come into force in 2027.
The regulation is part of the EU's Anti-Money Laundering package, which — among other measures — sets a bloc-wide cap of €10,000 on cash payments in business transactions.
It's not 2027 yet, but it's hardly a surprise that Hungary - a part of the EU - has blocked the transfer of millions in cash and gold bars to Ukraine and it's mystifying why Ukraine is complaining, given that it wants to join the EU.
Maybe the millions were not being transferred to a business but to an individual. Yet there are already €10,000 limits relating to individuals.
Or perhaps this was about transferring all that moolah before 2027?
As you can see below, AI sides with Ukraine and against Hungary, which is also a perfectly valid perspective.