4 ms·
What's worse is that when they ban you they refuse to talk to you. No explanation, no justification, no appeal. Just an automated reply to look at their ToS and
by sky_rw 6y ago
What's worse is that when they ban you they refuse to talk to you. No explanation, no justification, no appeal. Just an automated reply to look at their ToS and you can never hold a coinbase account again.
- rodonn 6y agoUnfortunately this is essentially what anti-money laundering laws require businesses to do. It's illegal to "tip off" a customer of the reasons you flagged them for being under suspicion of money launder/evading sanctions/funding terrorism. https://onlinelibrary.wiley.com/doi/10.1002/9780470685280.ch23 https://onlinelibrary.wiley.com/doi/10.1002/9780470685280.ch... I agree that it's a frustrating / bad experience for customers especially when they get flagged by a false alarm e.g. https://news.bitcoin.com/the-moss-piglet-dilemma-paypal-bans-payments-to-merchants-using-the-word-tardigrade/ https://news.bitcoin.com/the-moss-piglet-dilemma-paypal-bans...
- sky_rw 6y agoAh interesting. Makes me wonder what watch lists I'm on now.