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BuyMeACoffee silently dropped support for many countries (2024)

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329 points beeburrt | 1 comments | 16 May 25 06:23 UTC | HN request time: 0.199s | source
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rwarfield ◴[16 May 25 07:07 UTC] No.44002548[source]▶
We have normalized the treatment of the financial and payments systems as things that exist primarily to perform law enforcement surveillance functions. It's the same dynamic that leads to debanking of small accounts - payments firms exist on thin margins and the potential fines for inadvertently servicing a bad actor are stratospheric, so it's entirely logical to play it safe by refusing to service anyone whose profile looks even the slightest bit risky.
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ngruhn ◴[16 May 25 07:19 UTC] No.44002616[source]▶
The alternate is crypto. That will service anyone for ANY reason.
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eru ◴[16 May 25 07:38 UTC] No.44002727[source]▶
Well, that and cash.

Btw, crypto (like bitcoin) is only an alternative because of convention.

The complete history of bitcoins is globally trackable, and people could all decide that they'll pay more for bitcoins that came from Satoshi's initial hoard, or that they'll refuse to accept bitcoins that were ever seized by the FBI.

(Yes, there are mixers. But you'd just refuse to accept any bitcoin that took part in the mixer transaction, if any FBI coins were in there.)

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em500 ◴[16 May 25 08:44 UTC] No.44003112[source]▶
Europe is clamping down on cash, with in some countries placing caps on cash transactions as low as €1000.

https://en.econostrum.info/europe-restricts-cash-paymentss-n...

https://www.europe-consommateurs.eu/en/shopping-internet/cas...

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jeffhuys ◴[16 May 25 09:53 UTC] No.44003505[source]▶
We also can't have >500EUR in our homes
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pastage ◴[16 May 25 10:08 UTC] No.44003591[source]▶
You are allowed to travel abroad with under 10 000 euros without declaring it. As far as I know we do not have the same problem with asset forfeit laws like the US. There are no laws limiting how much cash you can have at home and while travelling. Though if you hoard millions in gold that is discovered in a police raid I think your main concern will be why the raid happend.
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1. em500 ◴[16 May 25 10:39 UTC] No.44003758[source]▶
In the EU, laws differ by country, so I wouldn't categorically declare that it's legal everywhere to have any amount of cash at home or traveling. From incidental local news reports here in the Netherlands, I suspect that if I were found during routine checks to be traveling with multiple-10k cash in my backpack or in my car, it would be seized and be treated as illicit until I prove otherwise.