How is it “fraud protection” if they are declining transactions to known exchanges?

Yeah, people get rugged ghere, but also people get rugged by trading stocks through their own brokerage.

I would think it’s transactions to private accounts that are more likely to be fraud. So how do people know when they can spend their dollars and when not?

Also, it seems very cbdc-ish. Are they trying to pull something new and watch our response?