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BuyMeACoffee silently dropped support for many countries (2024)

(zverok.space)
327 points beeburrt | 1 comments | 16 May 25 06:23 UTC | HN request time: 0.207s | 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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1. rprend ◴[16 May 25 15:53 UTC] No.44006920[source]▶
I suspect people wouldn’t actually like the alternative. An alternative world where it’s relatively easy to get an MTL, or consequences for AML aren’t huge, looks a lot like crypto. Imagine banks and money processors doing rugpulls or going bust.