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Payment processors are de-facto regulators.

That answer to various governments.

Is copying machine even your all in one printer with scanner cannot copy banknote is somehow regulated I wonder ?

> not regulations

merely existential threats for small business

Industry-imposed regulations (as opposed to government-imposed regulations) are still regulations, and payment processors have teeth.

“Blue tape”, rather than “red tape”.

Nobody calls them regulations, come now.

this is not industry-imposed regulations. this is not industry.

this is single party ToS atmost.

Do not whitewash harmfull practice as the law.

> Do not whitewash harmfull practice as the law.

You say that as if "The Law" is not already a set of whitewashed harmful practices.