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America, world police. Some friends started a Wealthfront copycat in latinamerica. To get local financial permits they had to comply with a bunch of KYC polici
by ta1234567890 6y ago
America, world police.
Some friends started a Wealthfront copycat in latinamerica. To get local financial permits they had to comply with a bunch of KYC policies/rules because the US imposes it on their local banks and governments, and in turn the banks demand compliance from them, even though their company is strictly local.
- roywiggins 6y agoIt's a real issue, but BitMEX operated an office in NYC.
- thebean11 6y agoWeedmaps.com operates an office in NYC too (a site for sourcing marijuana). Not exactly the same thing, but both are businesses with an office in a place they can't actually conduct business.
- ciarannolan 6y agoCan you at least read the article before going full "America bad"? They operated an office in Manhattan and had US customers.
- ta1234567890 6y agoI missed that in the article, could you please provide a quote with the relevant content about the Manhattan office? Thank you.
- ciarannolan 6y agohttps://www.justice.gov/usao-sdny/press-release/file/1323316/download https://www.justice.gov/usao-sdny/press-release/file/1323316... Page 8.
- TedDoesntTalk 6y agopage 5: https://www.justice.gov/usao-sdny/press-release/file/1323316/download https://www.justice.gov/usao-sdny/press-release/file/1323316... "...the Company also has subsidiaries and affiliates registered in the United States..."