In the grey areas (which are everywhere
Posted: Tue Jan 07, 2025 5:21 am
Although financial institutions such as Visa and Mastercard must, on the one hand, be open-minded and make payments easier for everyone (regardless of political or moral positions), on the other hand they want to avoid potential crises at all costs and disassociate themselves from those who commit crimes or those who support such crimes .
As global companies, Visa and Mastercard are inspired by the concept of “local law, iran number data ” which guides their actions. But unfortunately, not everything is black and white. In 2017, following a far-right demonstration in Charlottesville, Virginia, Mastercard stopped operating on websites that carried threats or messages inciting violence, but continued to do business with other groups clearly focused on hate.
on the Internet) financial institutions prefer to impose their own rules and leave aside the problematic ambiguity of de facto regulations .
It is true that current laws would allow for the vetoing of illegal content on adult content websites, but the process would be much more tedious. In this sense, it is much easier and also faster to follow the ( de facto ) rules that Mastercard has recently imposed on such websites.
The problem? When banks and other financial institutions replace regulators, legislators and authorities, democracy inevitably suffers, as does the trust of citizens in a democracy that is clearly lacking.
As global companies, Visa and Mastercard are inspired by the concept of “local law, iran number data ” which guides their actions. But unfortunately, not everything is black and white. In 2017, following a far-right demonstration in Charlottesville, Virginia, Mastercard stopped operating on websites that carried threats or messages inciting violence, but continued to do business with other groups clearly focused on hate.
on the Internet) financial institutions prefer to impose their own rules and leave aside the problematic ambiguity of de facto regulations .
It is true that current laws would allow for the vetoing of illegal content on adult content websites, but the process would be much more tedious. In this sense, it is much easier and also faster to follow the ( de facto ) rules that Mastercard has recently imposed on such websites.
The problem? When banks and other financial institutions replace regulators, legislators and authorities, democracy inevitably suffers, as does the trust of citizens in a democracy that is clearly lacking.