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21 days agoFor all other Europeans out there, avoiding this situation is another thing the EU did for us.
For the Americans, write to your representatives demanding the same rights.
Excluding people from having a bank account in 2025 is basically condemning them to ostracism even without sending them to concentration camps.
In terms of private banks, a basic savings account wouldn’t really be a big risk for them nowadays because it’s a bare bones account. It doesn’t include things like access to credit cards or other forms of credits, or any form of long term investments.
If anything, banks might even like the idea, because it gives them a way to offload their riskier (and let’s be honest less profitable) customers without making society fully collapse.
If the system is implemented properly it’s a win-win for everyone.