Re:Europe's $24T Breakup with Visa and Mastercard Has Begun
by citrin_ru on Wednesday February 11, 2026 @02:19AM
(#46971907)
The main problem IMHO that a bank access not seen as a right. Even Russia which is neither powerful (unlike the US) nor an EU ally can de-bank Russian critics living in the EU (and other places) by reporting them to FATF. AML is ripe for abuse.
Re:Europe's $24T Breakup with Visa and Mastercard Has Begun
by nistiminic on Wednesday February 11, 2026 @08:12AM
(#46974527)
DIRECTIVE 2014/92/EU art 16: Member States shall ensure that payment accounts with basic features are offered to consumers by all credit institutions or a sufficient number of credit institutions to guarantee access thereto for all consumers in their territory
It is a right in the EU
Of course in this judge's case there might still be some banks who are willing to work with him even at the risk of getting sanctioned as there weren't language in the news that he was completely debanked which I assume they would highlight if it was the case.