4 ms·
> It also happens in the US marijuana industry Most of the marijuana industry is illegal in the US. States making it legal doesn’t change the Controlled Substa
by briandear 7y ago
> It also happens in the US marijuana industry
Most of the marijuana industry is illegal in the US. States making it legal doesn’t change the Controlled Substances Act. As banking is federally regulated, banks don’t have the freedom to knowingly allow illegal businesses.
Porn however, is legal, and deplatforming a legal product/business is wrong in my opinion.
To be clear, I am not suggesting marijuana should be illegal at the federal level at all, only that it’s not inconsistent that a bank not serve those customers — after all they would then become criminals themselves by facilitating the moment of funds for a product that is illegal.
- 9nGQluzmnq3M 7y agoPorn is legal if everybody involved is above age and gives consent and is capable of giving consent at the time and that consent is properly recorded and the resulting content is not judged criminally "obscene" by some judge in a hick town. Which is way too many ifs for most banks, particularly given the meager returns on offer.
- vageli 7y ago> Porn is legal if everybody involved is above age and gives consent and is capable of giving consent at the time and that consent is properly recorded and the resulting content is not judged criminally "obscene" by some judge in a hick town. Which is way too many ifs for most banks, particularly given the meager returns on offer. By why is the bank on the hook here? Is the ISP on the hook for serving the content? If the bank followed the regulations around KYC why would they be liable?