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@ Sjors Provoost
2025-04-10 17:47:12
Thankfully since Brexit the UK can have its own Bitcoin friendly policy!
In any case, this comes from the #FATF and they're pushing that stuff globally. The EU does it slightly different from the UK, but most of the variation is in how companies enforce it. It sounds like Revolut picked the most shitty way.
It often boils down to cost: if forcing users to send coins back is cheaper than filling out some compliance paperwork, then that's what some companies will do. Especially the kind that doesn't give a fuck about its customers. Just keep in mind that isn't "just the law".
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