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Beyond mistakes - consider political persecution.

Have an unpopular opinion about the current governing political party? One click later a bank account might experience a "technical difficulty." Named to an unofficial secret list of troublemakers (e.g. "no fly list") by a faceless bureaucrat? ditto.

This applies not only to individuals but also to corporations. The ability to freeze (or "disappear") a corporation's finances with a keystroke could be a powerful political weapon.

From Apple to the EFF to Amnesty International... and the faces that represent them, this could open an entirely new political warfront.




Exactly, and already happening in China.

Bank secrecy was here for a reason.




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