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is there a reason why uber would want to ban it?
by ljk 11y ago
is there a reason why uber would want to ban it?
- jerguismi 11y agoJust FYI, Uber removed bitcoinbuilders account couple of days ago. So, it was too good to be true...
- jerguismi 11y agoRegulation, KYC/AML laws. Brand/image reasons. I don't know.
- josu 11y agoKYC/AML law only apply to financial institutions.
- aianus 11y agoThat's not true. If you're, say, a car dealership and Walter White comes in with $50,000 cash looking to buy a car, you are required to file a Currency Transaction Report with the federal government.
- josu 11y agoSorry, you are totally right, I was meaning to write a longer comment mentioning the exceptions outside of the financial world.
- elif 11y agoI can think of two cases. - the first time there was a confusing instance of chargeback/dispute resolution.. it's easier to say "this is a TOS violation" than to "figure it out" - if the total amount coming from this account makes different taxes/regulations apply that aren't beneficial to uber
- ljk 11y agogood points, thanks!