Comment Re:Be careful what you ask for (Score 3, Insightful) 213
It's not quite so simple. In many cases, they're complying with somebody's laws
Oh yes, some governments love the idea of censorship-by-proxy: instead of issuing unpopular laws against free speech or free commerce, they come up with rules to make companies responsible for countering money laundering, human trafficking, or what have you. Rules with vague criteria but very stiff penalties, in order to scare companies into erring on the side of caution.
But in this case, it is quite that simple. Banks and payment processors should be declared to be a Common Carrier, especially since their services should be considered essential, these days. Which means they cannot deny service to anyone, unless there is a clear indication that they are running afoul of the law.