[vorpalhex]

Paypal already freezes and seizes money from account holders, not for AML compliance but uh.. just because they can.

This includes rules that they can fine you for "misinformation" (these rules have flip flopped a few times, not sure the current iteration).

Bluntly, I won't do business with Paypal. They do bad business. I encourage you to also not do business with them. Using Eth as a backing token doesn't make it any better when they still have the option to just nuke your money with no controls.

[ryanschaefer]

Yeah, seeing what PayPal already does I just wanted to point out that this shouldn’t surprise anyone. If anything this is slightly better because it’s all public. You can see calls to them banning accounts from transfers.

Number 4 being included just peeves me a lot because it seems like proper OOP to decouple increasing supply from any other logic they have to accept deposits.