3 ms·
There's already been government attempts in restricting banking services to "undesirables", all under the guise of preventing "high-risk activity". Check out Op
by bko 4y ago
There's already been government attempts in restricting banking services to "undesirables", all under the guise of preventing "high-risk activity". Check out Operation Choke Point. It prevented a lot of legal sex workers from being able to use banking services. It's a kind of extra-judicial regulation where something is "legal" but not really because some agency can arbitrarily tell every banking provider to blacklist you.
Competence is a big part of why you don't see as many nudges as you can, but it'll be considerably easier with a digitized US coin. And of course these departments get more sophisticated over time. Maybe they'll hire consultants from CCP to help them implement a social credit score.
https://en.wikipedia.org/wiki/Operation_Choke_Point https://en.wikipedia.org/wiki/Operation_Choke_Point
- halfmatthalfcat 4y agoReading that wiki, nothing jumped out to me as unreasonable - at least the goal of Choke Point. What's wrong with targeting industries with high risk/incidence of money laundering? Is there high incidence of money laundering in sex work? If there is, then it's not exempt from being investigated. This isn't a reflection on the act of sex work but the shady characters using it as a laundering mechanism.
- bko 4y agoIt's about the implementation. I believe something should be illegal or legal. If it's legal all the same rights and services should be granted to individuals in this trade. Fraud and charge backs should be handled by the services processors and new services should arise to handle higher risk industries. Better than the state putting their finger on the scales https://www.vice.com/en/article/4w74jg/how-the-financial-sector-is-making-life-miserable-for-sex-workers-714 https://www.vice.com/en/article/4w74jg/how-the-financial-sec...
- Ancapistani 4y agoA ton of gun stores lost their banking access as a result of this. Bank of America, IIRC, dropped a bunch of retailers with no notice. It’s definitely seen in that community as a back-door attempt to abrogate access to firearms.
- collegeburner 4y agoIt's really screwed up, most of the people I know who go fucked over were LGS owners and employees, like they weren't already having a hard enough time staying in business. You know, the kind of people who can actually help create a community of safe, responsible firearms use with their trainings outreach efforts etc.