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A comment on Why Banks Are Suddenly Closing Down Customer Accounts. Parent comment

Re:Why Banks Are Suddenly Closing Down Customer Accounts by orangepurple on Monday November 06, 2023 @03:59AM (#38160224)
You can't. Every US Dollar touch point is heavily regulated. Back in the day Local Bitcoins was the way to convert crypto to cash but now its highly regulated and they implemented enhanced anti money laundering controls.
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Re:Why Banks Are Suddenly Closing Down Customer Accounts by CapricornNoble on Monday November 06, 2023 @07:10AM (#38161495)
Hmmmmm, I wonder if there is some way we could setup a website like Local Bitcoins but decentralized? Like with ipfs or i2p or something...
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Re:Why Banks Are Suddenly Closing Down Customer Accounts by webninja on Monday November 06, 2023 @09:19AM (#38162896)
The sellers who run it as a business might risk getting an unlicensed money transfer penalty depending on the country they are operating from.

Law: 18 U.S. Code § 1960

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