My money has once again been frozen by an exchange.
As always, I try to explain that I am a journalist and make my money through donations. I send them my donations page – and of course that's not enough.
"Please show us receipts of when you purchased the bitcoin," they say. Because the concept of using bitcoin as money simply does not exist in the mind of a compliance bro.
Its not illegal to receive anonymous donations – in theory. In practice, the bank will freeze your accounts until you KYC every donation you receive. This is the problem with AML:
You can obey the law as it is written, and the bank will still penalize you without any chance at due process.
All this, of course, while Jeffrey Epstein and friends move hundreds of millions through the banks for human trafficking.
1$ left in the bank account. Let's see how long this process takes this time.
As always, I try to explain that I am a journalist and make my money through donations. I send them my donations page – and of course that's not enough.
"Please show us receipts of when you purchased the bitcoin," they say. Because the concept of using bitcoin as money simply does not exist in the mind of a compliance bro.
Its not illegal to receive anonymous donations – in theory. In practice, the bank will freeze your accounts until you KYC every donation you receive. This is the problem with AML:
You can obey the law as it is written, and the bank will still penalize you without any chance at due process.
All this, of course, while Jeffrey Epstein and friends move hundreds of millions through the banks for human trafficking.
1$ left in the bank account. Let's see how long this process takes this time.
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