There was this story from a month ago: https://news.ycombinator.com/item?id=21120956 https://news.ycombinator.com/item?id=21120956 A street vendor in canada w

There was this story from a month ago: https://news.ycombinator.com/item?id=21120956 https://news.ycombinator.com/item?id=21120956 A street vendor in canada was selling cuban coffee. They used "square canada" as a payment processor. Square canada, in turn, used the US bank JPMorgan as a back end. JPMorgan is required to enforce an embargo on money going into cuba. The seller and all the buyers were in canada, but because the money passed through a US bank, they vendor was locked out of thousands of dollars. We live in a more globally connected world. That should not mean that everyone is (potentially) subject to every nation's laws. It also should not mean that no one is subject to any nation's laws. But enforcing the laws at boundaries seems a whole lot better than enforcing it at every checkpoint along the way. I will not, for example, get out of paying taxes because I received all my money over a blockchain. The sky won't fall.