{"id":239,"date":"2022-10-15T20:09:04","date_gmt":"2022-10-15T20:09:04","guid":{"rendered":"http:\/\/live-script.xyz\/report-paypal-hk-halts-hong-kong-pro-democracy-groups-payments-over-excessive-risks\/"},"modified":"2022-10-15T20:09:04","modified_gmt":"2022-10-15T20:09:04","slug":"report-paypal-hk-halts-hong-kong-pro-democracy-groups-payments-over-excessive-risks","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/report-paypal-hk-halts-hong-kong-pro-democracy-groups-payments-over-excessive-risks\/","title":{"rendered":"Report: Paypal HK Halts Hong Kong Pro-Democracy Group\u2019s Payments Over \u2018Excessive Risks\u2019"},"content":{"rendered":"

According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were \u201cstunned\u201d to hear the news, and they now have \u201cone less way [to collect donations].\u201d<\/strong><\/p>\n

Paypal Reportedly Stops Servicing Hong Kong\u2019s League of Social Democrats<\/h2>\n

Just recently, the news publication Daily Wire discovered<\/a> a Paypal terms of service (ToS) agreement draft that was not yet implemented. The ToS said that Paypal could fine users $2,500<\/a> if they spread \u201cmisinformation\u201d online and the fine could be deducted from a Paypal account. However, Paypal said the ToS was a mistake sent out in error and the company stressed it has no plans to fine users. On October 8, the National Review spoke<\/a> with a Paypal spokesperson and the representative said that the ToS notice was sent out erroneously.<\/p>\n

\u201cAn AUP notice recently went out in error that included incorrect information,\u201d the Paypal spokesperson told the National Review. \u201cPaypal is not fining people for misinformation and this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages. We\u2019re sorry for the confusion this has caused.\u201d<\/p>\n

The issue between the League of Social Democrats (LSD) and Paypal HK was reported<\/a> on October 12, at 3:39 a.m. (ET) via Facebook. The news was also covered<\/a> by Hong Kong Free Press<\/span> (HKFP) contributor, Peter Lee,<\/span> who wrote that LSD was \u201cone of the remaining active pro-democracy groups in Hong Kong.\u201d At the start of the Covid-19 pandemic, China made it much harder for pro-democracy groups in Hong Kong to thrive.<\/p>\n

China introduced the national security law (NSL)<\/a> in 2020 and made it a lot easier to prosecute protesters looking to bolster Hong Kong\u2019s autonomy. The HKFP report further explains that pro-democracy groups like LSD can\u2019t collect donations using street booths anymore, either. The external vice-chairperson of the LSD, Chow Ka-fat, told HKFP that Paypal simply said that payment services were terminated over \u201cexcessive risks.\u201d<\/p>\n\n

The payments giant, however, did not disclose what the \u201cexcessive risks\u201d happened to be, Chow told the publication. Chow detailed that while the group can\u2019t accept donations from the Paypal HK account, the group can still withdraw funds from the application. \u201cIt seems like even when doing business, companies have to think about who they are dealing with in advance,\u201d Chow told the news outlet. The LSD vice-chairperson added:<\/p>\n

That sort of business freedom in the past has seemingly gone.<\/p>\n

Pro-democracy groups in Hong Kong have had issues with payment providers in the past, specifically<\/a> with Chinese banking institutions. In June 2019, bitcoin (BTC<\/a>) was trading for a premium<\/a> in Hong Kong during the protests. A study published by an Amun researcher the following year showed stablecoins had been utilized<\/a> in Hong Kong as \u201cvehicles for capital control flight.\u201d<\/p>\n

Following the account from Chow and LSD, HKFP\u2019s Lee said the publication reached out to Paypal HK for clarification, but there\u2019s no response from the payments provider in Lee\u2019s report. The day before Lee\u2019s report on October 11, the Hong Kong Democracy Council reported<\/a> that LSD member Tsang Kin-shing was fined HK$1,500 for littering charges after he was outside a government building calling for public gatherings to be reinstated.<\/p>\n

What do you think about the report that says Paypal HK has ceased providing services to the League of Social Democrats in Hong Kong? Let us know your thoughts about this subject in the comments section below.<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"

According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were \u201cstunned\u201d to hear the news, and they now have \u201cone less way [to collect donations].\u201d Paypal Reportedly Stops Servicing Hong Kong\u2019s League of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\nReport: Paypal HK Halts Hong Kong Pro-Democracy Group\u2019s Payments Over \u2018Excessive Risks\u2019 - Latest Cryptocurrency & blockchain News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/live-script.xyz\/report-paypal-hk-halts-hong-kong-pro-democracy-groups-payments-over-excessive-risks\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Report: Paypal HK Halts Hong Kong Pro-Democracy Group\u2019s Payments Over \u2018Excessive Risks\u2019 - Latest Cryptocurrency & blockchain News\" \/>\n<meta property=\"og:description\" content=\"According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were \u201cstunned\u201d to hear the news, and they now have \u201cone less way [to collect donations].\u201d Paypal Reportedly Stops Servicing Hong Kong\u2019s League of […]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/live-script.xyz\/report-paypal-hk-halts-hong-kong-pro-democracy-groups-payments-over-excessive-risks\/\" \/>\n<meta property=\"og:site_name\" content=\"Latest Cryptocurrency & blockchain News\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-15T20:09:04+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3\ubd84\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"http:\/\/live-script.xyz\/#organization\",\"name\":\"Latest Cryptocurrency & blockchain News\",\"url\":\"http:\/\/live-script.xyz\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png\",\"contentUrl\":\"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png\",\"width\":2000,\"height\":800,\"caption\":\"Latest Cryptocurrency & blockchain News\"},\"image\":{\"@id\":\"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/live-script.xyz\/#website\",\"url\":\"http:\/\/live-script.xyz\/\",\"name\":\"Latest Cryptocurrency & blockchain News\",\"description\":\"\",\"publisher\":{\"@id\":\"http:\/\/live-script.xyz\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/live-script.xyz\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ko-KR\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/live-script.xyz\/report-paypal-hk-halts-hong-kong-pro-democracy-groups-payments-over-excessive-risks\/\",\"url\":\"http:\/\/live-script.xyz\/report-paypal-hk-halts-hong-kong-pro-democracy-groups-payments-over-excessive-risks\/\",\"name\":\"Report: Paypal HK Halts Hong Kong Pro-Democracy Group\u2019s Payments Over \u2018Excessive Risks\u2019 - 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