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batterseapower | 5 years ago

Not just a hunch, actual US policy: "Operation Choke Point" was a 2013 inititative by the DoJ to hurt legal but unpopular businesses (e.g. payday lenders, tobacco, firearm dealers, and - yes - pornographers) by making it harder for banks to provide services to them.

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LinuxBender|5 years ago

I am curious, if such an operation exists, then does it stand to reason that perhaps they have agent provocateurs that post illicit content, then report it to the banks to disrupt the service?

Hjfrf|5 years ago

No need in the case of PH. It's already full of illegal content and getting caught would sabotage KYC regulations for years.

rualca|5 years ago

> "Operation Choke Point" was a 2013 inititative by the DoJ to hurt legal but unpopular businesses (...) by making it harder for banks to provide services to them.

Honest question: can the US goverent stop anyone from launching their banking/payment services?

LinuxBender|5 years ago

Probably not. I think what would stop you would be the mountain of regulations required to be a payment provider and tie the networks required for ACH and other types of transfers. And then of course, you need the relationships with all the other banks and so you are really back at square one. Now you are in the same position Mastercard is in.

ghthor|5 years ago

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