Comment by epolanski

Just to point out, while everything you say is true, there are already similar life destroying mechanisms such as getting debanked.

A friend of mine owns a hotel in southern Italy, long story short during an investigation into mafia-related businesses his operation was also checked (and fully cleared as 100% unrelated to any wrong business whatsoever, it just ended in a cross examination).

Since those examinations involved quite a lot of checking/investigating money trails all banks refuse to service him again because he created a massive amount of work for their legal, compliance, etc offices, really massive.

As banks are privately owned entities they can refuse you services, or simply make your life that miserable that even if they comply with law (e.g. open you an account), they can still deny you any services that they aren't mandated by law of offering (payment processing is a simple one: no credit card processing, you can't work as an hotel) or just be as slow as possible when it comes to everything.

There are multiple things that are absolutely life-impacting as of 2025 that go beyond being tied to a handful of operating systems and their rules.