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tflinton | 7 months ago

Websites aren't accountable for user content because of the DCMA and Safe harbor laws protecting them from the risk of what users post [1]. Gun manufacturers are protected from liability by the PLCAA [2]. Police aren't held accountable because of qualified immunity [3].

What i'm saying is no such protections exist for financial transaction that occur on a network. Infact, the opposite exists, laws exist (called Know Your Customer [4]) that specifically hold financial networks (like Visa and Mastercard) liable for allowing transactions related to fraud, money laundering or other high risk transactions like gambling and adult entertainment.

[1] https://en.wikipedia.org/wiki/Safe_harbor_(law) [2] https://www.congress.gov/bill/109th-congress/senate-bill/397... [3] https://en.wikipedia.org/wiki/Qualified_immunity [4] https://en.wikipedia.org/wiki/Know_your_customer

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