[Plan in Motion] Banking and FedNow
- Thread starter Null
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🐕 I am attempting to get the site runnning as fast as possible. If you are experiencing slow page load times, please report it.
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- Nov 14, 2012
It's not acquiring the account, it is keeping the account.
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- Nov 22, 2021
Not Fednow, but
"We are the bank that will never cancel you for your law-abiding actions."
"We are the bank that will never cancel you for your law-abiding actions."
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- Nov 14, 2012
I've reached out to them but haven't received a reply
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- Dec 28, 2021
just heard back from the credit union, they say they have no plans to implement the service.
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- Dec 3, 2020
Its not that hard just buy bitcoin thru one of the main exchanges then send it to null or better yet use it to buy monero and then send it since that way it can't be traced at all.
See the XMR field at the bottom? that's null address, that's all you need.
Interesting, what about EU citizens not in the EU? can they still open an account? do you need to be physically present at the bank to do it? because that's the requirement with estonia's e-residency.
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- Dec 18, 2022
NGL, that looks like just another Con. Inc. product from their newest grift series.
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- May 9, 2017
Monero is kind of a pain in the balls to buy though. This was a while back, but Kraken was the only place I could find to get with a card/bank account, and they force you to dox yourself.
More recently monero.com offers to let you use a card, but their site doesn't seem to work right and I could never even get as far as it letting me enter a card number.
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- Sep 30, 2021
If there are any Muslims near you, maybe try Hawala.
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- Feb 4, 2020
In the EU, and the UK after exit, there are laws that mean that each nation has to have a number of banking institutions that cannot refuse you basic banking services - unless there is evidence that you are using the account for illegal purposes. The accounts have to have the following features:
"A payment account is an account which enables consumers to place funds in the account, withdraw cash from the account, execute and receive payment transactions to third parties, including credit transfers, and receive payment transactions to and from third parties."
They do not have to offer you any other services than this, I have never ran a business so I imagine the above may not cover all of your needs - but if it does, it might be an option to move out of Serbia to the EU and set one of these up. If you are dead set on staying in the Balkans, Croatia is nice.
"A payment account is an account which enables consumers to place funds in the account, withdraw cash from the account, execute and receive payment transactions to third parties, including credit transfers, and receive payment transactions to and from third parties."
They do not have to offer you any other services than this, I have never ran a business so I imagine the above may not cover all of your needs - but if it does, it might be an option to move out of Serbia to the EU and set one of these up. If you are dead set on staying in the Balkans, Croatia is nice.
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- Dec 23, 2022
The EU and UK have outlawed criticism of islam and every flavor of "LGBTQBRAPP"
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- Feb 4, 2020
Presumably if you can host the site in Poland then it's not breaking any of their laws, right?
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- Feb 9, 2013
If you're going to do this, bounce it through a wallet on your computer first. Someone can correct me, but I believe coinbase has been closing accounts for sending funds directly from their web ui to one of null's public addresses.
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- Jul 18, 2020
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- Feb 2, 2020
Buying monero isn't illegal and kraken's CEO btfo'd trannies a while back and if you follow the advice of @Marvin the chain of custody is gone.
Reminder that crypto doesn't solve the problem of null trying to ooperate a US-legal website using services normally accessible to US-legal businesses like banking. Undebankability is what he wants.
I'm curious what these banks get out of implementing Fednow. Does the old thing cost more to run or something?
Clearly what we need is a kiwi to start a bank.
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- Jan 28, 2021
Once again, this is meant for personal use. Not for business. The evidence for illegal purpose you name in this case are transactions over 1000, 2000, 4000 and 10 000 euros, which will be routed through databases and matched against third party recipients. If they suspect the account is used for business, they will want you to switch it. They have departments tasked specifically with such checks. Take into account that the account will perform transactions and receive payment from outside of the EU, and you're on a list anyway.
If you use a personal account to run an offshore business, you're technically committing fraud (not that that is a criminal offence, technically). Null should not (have to) commit fraud to run a legitimate business.
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- Sep 30, 2021
Not to be confused with “Old Glory Robot Insurance.”
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- Aug 28, 2018
Nigel Farage is launching a campaign in the UK to ban debanking, after he had his own bank account closed for political reasons. It's not an immediate solution unfortunately, but it would be ironic if they passed a law making access to the financial system a basic right and Null ends up getting a UK bank account.
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- Jan 28, 2021
How do you propose he get, and more importantly keep, a UK bank account to do business if he's neither a resident nor an established entity in the UK?
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