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It's Time to End the Bureaucrat's Secret Weapon: Debanking

10 点作者 kristianp4 个月前

3 条评论

ggm4 个月前
People who &quot;sell&quot; rugpulls and stonks, complain when banks who have signed fiduciary obligations in law and backed by huge asset piles which could be seized say &quot;not through us&quot;<p>It is kind of shitty that fintech is gate-keeped by the incumbents <i>if you want to make a shitload of money being disruptive</i> but if you are an ordinary joe with income being banked and bills to pay, that $250,000 state backed guarantee of my money is worth having.<p>I am strongly in favour of debanking. Should there be an appeal process? Sure.
bdangubic4 个月前
long read… <a href="https:&#x2F;&#x2F;www.bitsaboutmoney.com&#x2F;archive&#x2F;debanking-and-debunking&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.bitsaboutmoney.com&#x2F;archive&#x2F;debanking-and-debunki...</a>
talldayo4 个月前
&gt; The term refers to a controversial practice where crypto companies and other businesses have been cut off from banking services, allegedly due to pressure from federal regulators.<p>That tends to happen when your core business fundamentally enables money laundering.
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