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FedNow is a great step but most of the people I've asked tell me it isn't going to do anything to stop people from being debanked for "morality" reasons like se
by causality0 3y ago
FedNow is a great step but most of the people I've asked tell me it isn't going to do anything to stop people from being debanked for "morality" reasons like sex work.
- toomuchtodo 3y agoYou’re only solutions for that are physical cash, crypto, gift cards, etc. The legal framework and value transfer systems are tightly coupled. Your bank isn’t going to break the law for you (maybe HSBC).
- ClumsyPilot 3y agoThe OP us not trying to do anything illegal, he is not sending money to ISIS. We are discussing OnlyFans and WikiLeaks, the only reason you can't pay them is because credit card bosses said so. HSBC is a premium service, cant afford it untill you are a boss of a drug cartel
- jowea 3y agoIt would have to the banks themselves banning their customers, right?
- PeterisP 3y agoThe only thing that can stop people from being debunked for various bullshit reasons is a legal mandate, explicitly establishing a right to a basic bank account such as e.g. EU payment services legislation does. Even convicted fraudsters should have a right to participate in society by being able to receive and make electronic payments.