They’re burning 30 million dollars a year on a site that’s torched over a billion since its inception. Just give the product manager one signup for their kpi before they/them are put out on the street.
The regime doesn’t want people saying or thinking things they aren’t being currently told to say and think. The regime is technically not allowed to use the legal system directly to punish people for this quasi-crime but is very happy to ruin everything else in same pursuit. So why should a protocol for p2p financial transactions the regime doesn’t control be allowed to exist?
Porn can be an understandable concern because of the amount of chargebacks it can create for processors, though the excessive chargebacks should be the rule not the porn. Hate speech they never tried to explain afaik. FWIW repealing fair banking[1] was immediate priority for Biden up there with fortifying elections[2].
In the US the receiver gets unbanked without warning or explanation and permanently loses the ability to accept money through any service via systems like MATCH.