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Why doesn't/hasn't some American three letter agency simply seized the bitmex.com domain? Or will it be seized once they are charged in absentia I imagine?

• jkhdigital 6y ago
  The business itself is not illegal. It is illegal to offer those services to US customers, and they have no KYC verification so it is trivially easy to trade on BitMEX from the US.
  • dannyw 6y ago
    They block US IP addresses. Sign in with a US IP, ever, and your account immediately gets banned. Using a VPN is active circumvention by the user. What's next: banning exchanges that KYC/AML because users can forge IDs?
    • jkhdigital 6y ago
      Seems like the problem isn't that random US citizens can (and do, in large numbers) easily bypass the IP blocking, but that the executives demonstrably knew of specific US citizens who were using the platform and had not gone through any KYC.
      • dmantis 6y ago
        Russia, China, Europe, etc don't arrest American citizens for not comply with local laws (which sometimes are as shitty as American's KYC paranoia) in the internet. Doing KYC for US citizens would require doing KYC for everyone, which is not fair at all (on the other case you can't say that particular guy is not from US). That effectively force the whole world to live under US laws requirements.