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cross-posted from : https://lemmy.zip/post/60423023

EU rules regarding anti-money laundering, counter-terrorist financing and sanctions law (AML/CFT) have increasingly shifted responsibilities to detect crime from public entities to companies . AML/CFT law requires “obliged entities”, like banks, to collect large amounts of financial and other personal data about their customers.

The way banks implement these rules in the EU has led to a systemic negative impact on human rights, often because of over-compliance, risk-aversion and weak accountability. This has been the case in the Netherlands where, among large number of human rights breaches by banks, Dutch ING Bank has even publicly apologised for discriminating against its customers based on profiling.

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[-] shortwavesurfer@lemmy.zip 6 points 15 hours ago

Monero has entered the chat

[-] 0x0@lemmy.zip 3 points 14 hours ago

They've been going after it hard, it's difficult to find a non-KYC reputable exchange that'll accept it.

[-] shortwavesurfer@lemmy.zip 1 points 12 hours ago* (last edited 12 hours ago)

Retoswap.com. It's a peer-to-peer decentralized order book exchange. You can also trade your shitty fiat currency for it.

[-] RheumatoidArthritis@mander.xyz 1 points 14 hours ago

Then swap it to something that the ones you find reputable accepts. If you play it right, you may even gain a little by watching exchange rates.

[-] 0x0@lemmy.zip 1 points 12 hours ago

Then swap it to something that the ones you find reputable accepts.

They block Monero precisely for the reasons i want to use Monero - in fact it's the only i'm interested in.

[-] DieserTypMatthias@lemmy.ml 4 points 17 hours ago* (last edited 16 hours ago)

FYI United States isn't in the Common Reporting System and FATCA applies only to Americans.

Not an financial adviceSo if you want to, you can look up how to make an Delaware LLC if you're European and how to make a bank account for it and do it.

Also just use plain old cash if you don't want to do this. There's nothing wrong with it.

this post was submitted on 09 Mar 2026
49 points (96.2% liked)

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