We can’t rely on a thought that debanking abuses are obvious.
They are not.
This was the exactly a problem, when we as Open Dialogue Foundation on behalf of BTC Coalition promoted amendments to #AML regulation in the #EU and revisions of #FATF travel rule recommendations in the #US.
Our amendments were rejected during trilog process simply because no voices from the business industry, including #bitcoin were with us. https://en.odfoundation.eu/a/725781,building-true-change-btc-coalition-submission-on-the-eu-proposal-for-a-regulation-on-the-prevention-of-money-laundering-or-terrorist-financing/
We need to join voices victims of the weaponized banking data transnationally and debanking victims from businesses representatives to eliminate such abuses !
This is one of the reasons why we want to establish FreedoTech Embassy to eliminate such practices and protect developers, end-users and investors of freedomtech!
Let’s do it together! 🧡
I have been debanked recently by my Belgian bank, despite having provided all information they asked. their letter literally stated: we have decided to close your bank account and do not have to provide the reason for this decision”
Banks have gotten too much power and they really do enjoy the power they now have on the plebs.
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