The Santa Clara Principles on Accountability and Transparency serve as a model for such transparency and have the backing of civil society santaclaraprinciples.org
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Replying to @EFF @PayPal
Take it up with Elon Musk! Never trusted Paypal, never will. They pretend to be a bank in the UK, and are not regulated like one.
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Replying to @EFF @PayPal
With PayPal promoting services like savings, auto drafts and integration with personal bank accounts, non-transparent account closures are unacceptable.
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Replying to @EFF @PayPal
Those who question why we need cryptocurrency... THIS is why. National governments can do the same as PayPal and freeze assets for whatever reason that is allowable by their laws. Decentralisation is the answer.
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Not only they can, they do. Ask any Iranian, Venezuelan, Cuban, Syrian. Ask Russians how they feel about the US payment processor cartel. The US had Khadafi killed and turned Libya into a Mediterranean Somalia when he dared suggest non-dollar denominated intra-African trade.
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Replying to @EFF @PayPal
And this is where crypto comes in!
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Replying to @EFF @torproject
How about you appeal to the rest of the world to rather close their @PayPal accounts? There's decentralized solutions now.
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It's called account "Theft" and Stealing".
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Replying to @EFF @PayPal
The message seems to refer to a business account (nature of your business and your buyers) so is it possible that it was incoming activity (if there was any) that triggered this? From a pure transactional standpoint PP usually cares more about chargebacks/refunds. Hmm..
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Replying to @EFF @PayPal
ABSOLUTELY classic PayPal move. They didn't like the KYC or the money coming in, to a "personal account", because they think all personal accounts should upgrade to "business accounts".
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