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Know Your Customer, anti-terrorism, anti-drug money laundering, and many other laws have been enacted to keep "the bad guys" from being able to operate efficien

Know Your Customer, anti-terrorism, anti-drug money laundering, and many other laws have been enacted to keep "the bad guys" from being able to operate efficiently. Unfortunately, and perhaps even sometimes by design, these laws have created all kinds of loopholes that allow financial institutions and governments to prey on innocents, especially those who aren't doing anything illegal but sometimes things that are unwanted. It all does seem to be designed to strongly discourage the possession of cash and cash equivalents by anyone not in the right circles of power.

im3w1l 3y ago
It's gone way too far. My bank refuses to cash international checks (no banks in my country do). IRS refuses to do international wires. The result is that the united states government owes me money I can only claim if I actually fly there which is expensive enough and too much of a bother for the sum involved. Like if even the fucking IRS isn't trusted enough to push money through the system then it's a complete joke.
- ThePowerOfFuet 3y ago
  TransferWise (now called Wise) would give you a US account number they could pay you with.
  - TheCapeGreek 3y ago
    Wise also has their own fair share of related drama like PayPal these days. Service quality has dropped and I've had friends have their funds locked for arbitrary requirements. Nevermind them changing their US payment details on a dime last year. Great for moving funds through, but don't keep any money there.
- is_true 3y ago
  The more I get involved with banks the more I understand the crypto bros. I'm on the same boat as you, my bank wont take the check paypal sent when they limited my account, or they COULD take it but with a 25% commission and 60 days waiting for the "procedure".
  - suslik 3y ago
    It's a shame, really, that we live in a world where a way to show the finger to all these corporate guardrails exists and is easily available - but it cannot get enough traction and receives a strong, and I think unnecessary, cultural pushback. While I do believe the dilapidating state of pax americana to be a tragedy for the humanity at large, crypto will be more of a thing in the increasingly fractured world where government entities would sanction (and perhaps even nuke) each other - and that's a good thing.

im3w1l 3y ago

It's gone way too far. My bank refuses to cash international checks (no banks in my country do). IRS refuses to do international wires. The result is that the united states government owes me money I can only claim if I actually fly there which is expensive enough and too much of a bother for the sum involved. Like if even the fucking IRS isn't trusted enough to push money through the system then it's a complete joke.

ThePowerOfFuet 3y ago
TransferWise (now called Wise) would give you a US account number they could pay you with.
- TheCapeGreek 3y ago
  Wise also has their own fair share of related drama like PayPal these days. Service quality has dropped and I've had friends have their funds locked for arbitrary requirements. Nevermind them changing their US payment details on a dime last year. Great for moving funds through, but don't keep any money there.
is_true 3y ago
The more I get involved with banks the more I understand the crypto bros. I'm on the same boat as you, my bank wont take the check paypal sent when they limited my account, or they COULD take it but with a 25% commission and 60 days waiting for the "procedure".
- suslik 3y ago
  It's a shame, really, that we live in a world where a way to show the finger to all these corporate guardrails exists and is easily available - but it cannot get enough traction and receives a strong, and I think unnecessary, cultural pushback. While I do believe the dilapidating state of pax americana to be a tragedy for the humanity at large, crypto will be more of a thing in the increasingly fractured world where government entities would sanction (and perhaps even nuke) each other - and that's a good thing.