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In addition to the other comment about cannabis, crypto is financial and comes with many laws and regulations that a payment process would need to be very aware
by soared 4y ago
In addition to the other comment about cannabis, crypto is financial and comes with many laws and regulations that a payment process would need to be very aware of and follow.
Porn is ripe with fraud/theft/bad actors/etc.
It’s not a shadow government, it’s common sense.
- pas 4y agoIt is a shadow government but it also makes sense.
- soared 4y agoIt’s not a shadow government if the laws and policy are public. You can read all of the laws.
- deely3 4y agoBasically "educate yourself", yes?
- from 4y ago> It’s not a shadow government if the laws and policy are public. You can read all of the laws. This is not really true. The BSA says banks have to maintain an "adequate AML program" and policies to "reasonably know your customers identities" or whatever. These policies are deliberately vague. Then based on these deliberately vague rules, banks have to make a compliance program that usually goes above and beyond the minimum that is required (in order to avoid being fined). These compliance programs that specify what kinds of behavior and transactions to consider risky are never made public.
- pas 4y agothere's no FOIA for banking processes that affect you. consumer finance protection regulations are also a complete joke (oh no, banks have to file some more reports, oh the horror).