This would only apply to businesses in the UK though? Not sure how Ofcom could pursuade a foreign based processor to shut down a legitimate businesses processing within their own jurisdiction, not the UK
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"Not sure how Ofcom could pursuade a foreign based processor"
- wasn't it an Australia based (small religious?) organization that persuaded payments processors to block games and content in the US and UK and elsewhere?
If they somehow did that to a US company, I think that would immediately invite the scrutiny of the US government.
I think that is an understatement!