I guess their payment processor got sick of handling thousand of tiny payment and gave them a random excuse to boot them out asap.
Likelier: Liberapay’s KYC was insufficient.
Mangopay probably received a call from the regulator, and they realized that they could not ensure that Liberapay was not (unwittingly) letting people launder money or finance terrorism.
The AML/CFT requirements that would have needed to be applied by Liberapay to all its users would probably have caused such friction that they would have grown much slower, however.
The fact that they stop the contract so soon without previous warning (unless Librapay is not disclosing everything) is what make it really weird for me.
No anti-money laundering law doesn't work that way
> The fact that they stop the contract so soon without previous warning (unless Librapay is not disclosing everything) is what make it really weird for me.
That is completely normal (in fact giving notice is pretty lenient), if a financial institution suspects you of money laundering weird things will begin to happen to you such as freezes, orders being ignored, surprise account closures, etc. You will under no circumstances receive an explanation as that in itself is a serious criminal offense because it is considered to be helpful to money launderers when you explain to them what they did that aroused suspicion.
Note to readers: if weird things start happening to your bank account (delayed or ignored payments, logouts, etc) get on the phone to the bank and be as helpful to them as you can be. That is typically the only way to get this resolved.
No harm would have been done by giving them a few months grace period.
Financing Nazis is illegal, especially in France, which had a bit of an economic setback about sixty years ago because of them. Oh, and a lot of death and suffering.
Indeed and that would be consistent with no explanation being offered as explaining is normally illegal under "tipping off" rules.
No. They mirror one-on-one Mangopay's: https://docs.mangopay.com/guide/kyc https://liberapay.com/about/faq#maximum-amount
>I have just received an email from mangopay saying that they want to terminate their contract with us because we have/had a few controversial users.
>I've replied, asking for confirmation, and information on how much time we have left.
B) Even though my point does not depend on whether you're right or wrong, you're wrong. I have USD in my bank but I have to cash them out into GBP. So according to your "reasoning", USD is not a currency? Of course it is, you're just talking nonsense.
Either a currency is something you can buy things with, or it's a label with exchange rates. In the first case it can't be something that needs to be cashed out. In the second case you can't buy something and the thing you buy other things with is money.
You're usage of Bitcoin, money, GDP, USD and currency is willynilly.
I didn't personally attack you. I said you have added nothing. That comment has nothing to do with your personhood.
I think you don't know what a "personal attack" is. Or a "currency", for that matter.
Your usage of the English language is wilynilly.