x402 — An open protocol for internet-native payments

Re:x402 — An open protocol for internet-native payments by disgruntledphd2 on Thursday September 25, 2025 @10:00AM (#45372730)

> True. Operating a legitimate (!) clear business, say, in Singapore remotely from Ukraine was a routine thing like ten years ago and became almost impossible in 2020s - specifically due to American regulatory pressure. Again, we're talking about lawful businesses. Criminal enterprises have no problems opening bank accounts anywhere they want.

Can you give me some more details on this? My understanding was that only the sanctioned parts of Ukraine were impacted by recent changes, but perhaps I'm wrong.

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Re:x402 — An open protocol for internet-native payments by egorfine on Thursday September 25, 2025 @03:34PM (#45377838)

> only the sanctioned parts of Ukraine were impacted

First of all, banks couldn't care less about telling apart different species of Ukrainian people. Second, for any bank in the world it's a matter of cost of finmonitoring. And for each and every customer the cost of compliance is always higher than the profit from this person's transaction. Therefore, banks have strong incentive to refuse service for any person that is remotely unordinary. Hence "debanking": https://en.wikipedia.org/wiki/Debanking

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