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Earlier quoted context omitted.
What if payment processors don't like what you want to sell, even when it is legal?
Tough luck. Doesn’t justify a huge avenue of money laundering of whatever is possible
Sure, it's more complicated than just outright banning any type of anonymous payment, but I think not even trying would amount to a huge loss of resiliency for any democracy.
We also don't blanket ban secure private communications (although not for a lack of trying) for the same reason.
The cash limit now is like 5k euros. It sucks but the new cap is outrageous.
I can imagine dozens of good use cases for If there's real demand for it, I think we should come up with a technical solution that e.g. provides one-sided privacy like GNU Taler (taxation usually happens at the payee level, so the payer can usually remain anonymous; the same applies to things like terror financing etc).
Generally prohibiting anonymous payments would at best have minimal effects on crime, but it would deprive innocent citizens of their financial freedom. The medicines or sex toys I buy is nobody’s business The consequences of KYC are way worse than that. You have to interact with someone in power when you make a payment, thats the bad part. Cause that someone now have a good occasion to hurt you (racism, discriminati…
Earlier quoted context omitted.
One issue I know that drives many NSFW artists to crypto payments is that things like paypal won't service them.
Sure that’s a problem for them, but rather niche and doesn’t seem to justify this huge avenue for “crime”
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