2 ms·

I would guess AML, not fraud.

• maxbond 4y ago
  I think they're saying there's an inherent ponzenomics to payment processing, wherein the might use AML as an excuse to paper over a lack of liquidity by stalling withdrawals. Lots of cryptoasset exchanges will freeze withdrawals over fictitious security or AML concerns when they're going under, for instance.
  • ycombobreaker 4y ago
    AML regulations are real, though. Crypto exchanges' fictitious claims wouldn't fool anybody if it wasn't already "a thing" in the more-regulated side of the world.
  • KptMarchewa 4y ago
    I haven't seen real example of this in real money financial institutions. Haven't followed crypto exchanges though.
    • maxbond 4y ago
      I'll add that I'm also not aware of something like this happening outside of crypto exchanges & don't actually hold an opinion on this hypothesis, as I'm not familiar enough with payment processors to know one way or the other. My comment makes me sound like I support this hypothesis, but that's a mistake in my wording.