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I'd rather have a democratically elected government in control than an unelected company that actively uses its power to censor things it doesnt like. [0]

[0] https://www.theguardian.com/world/2025/jul/29/mastercard-vis...

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Except that parts of the union are not democratic at all.

And in this specific case I kinda of agree with what they banned. And they are definitely not the only ones. Lots of financial institutions block these kind of things.

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That seems like a rather big statement to make without anything to back it up.
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This has been de facto true for a while, not that it improves the situation. Various EU countries have legal limits for the size of cash transactions, requiring you to do it via a bank.

The idea that people have private property does seem to be something governments are incredibly keen to erode.

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