this post was submitted on 01 Jun 2026
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Visa Could Ruin the Internet (youtu.be)
submitted 1 week ago by ratrace@lemmy.zip to c/privacy@programming.dev
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What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?

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[–] IceFoxX@lemmy.world 0 points 1 week ago

Yes, it does have to do with the Anti-Money Laundering Act. This applies even if you make transfers of more than €10,000. The law is now set to be tightened further for cash payments exceeding €10,000. This change is being implemented by the EU in 2027...