Comment by techpineapple
14 hours ago
In general, debanking for political/moral/ethical views seems like a messy situation, but I guess I wonder with crypto currency firms in particular. Not to get all philosophical, but what is banking? I could imagine some practical considerations of interfacing with some types of big financial institutions, and certainly no one should be forced to lend to high risk folks (though it should be based on an objective metric).
But I guess, they called out cash businesses, is there a risk to the bank, or I guess worried about doing business with drug dealers? I guess cryptocurrency falls into this category, where maybe the bank has to deal with potentially large sums of money it can't trace the origins of?
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