4 ms·

"The news comes just a day after Binance announced it has hired Max Baucus, who served decades in the U.S. Senate" The old game never changes

throwaway4good 6y ago
With US "long-arm jurisdiction" comes US long-arm corruption where companies with no business in the US are forced to pay US lobbyists and US has-been politicians ...
- r00fus 6y ago
  s/forced/coerced/ It's not like binance is exactly squeaky clean here. Long-arm jurisdiction means it impacts US citizens who are required to pay taxes regardless of residence. Couldn't Binance just reject doing business with US citizens and not worry?
  - Tenoke 6y ago
    That's exactly what it's doing (for .com), including monitoring for vpns and other ways that users try to circumvent. My guess is they'll be fine as I dont see what more they could've been doing and I really doubt they were allowing people they could tell are US citizens to use Binance.com given all the comments from Americans over the last months.
  - ur-whale 6y ago
    >US citizens who are required to pay taxes regardless of residence. US citizens and also Eritreans (there was Libya at some point in time), so really, nothing to write home about.
  - celticninja 6y ago
    Which is worse. This guy is going work for a known shady organisation to help them manage regulations and set them up so that their shady dealings end up within the law, or they get a minor slap on the wrist, and they're allowed to continue doing business.
  - FDSGSG 6y ago
    Binance is squeaky clean here, they do reject doing business with US citizens (except for their US entity which is fully compliant with US regulations and is not the target of this investigation).
    - _rtld_global_ro 6y ago
      This restriction was not in place from the start, what happens to US citizens who have funds in binance_dot_com before this restriction? It's hardly clean in any sense.

throwaway4good 6y ago

With US "long-arm jurisdiction" comes US long-arm corruption where companies with no business in the US are forced to pay US lobbyists and US has-been politicians ...

r00fus 6y ago
s/forced/coerced/ It's not like binance is exactly squeaky clean here. Long-arm jurisdiction means it impacts US citizens who are required to pay taxes regardless of residence. Couldn't Binance just reject doing business with US citizens and not worry?
- Tenoke 6y ago
  That's exactly what it's doing (for .com), including monitoring for vpns and other ways that users try to circumvent. My guess is they'll be fine as I dont see what more they could've been doing and I really doubt they were allowing people they could tell are US citizens to use Binance.com given all the comments from Americans over the last months.
- ur-whale 6y ago
  >US citizens who are required to pay taxes regardless of residence. US citizens and also Eritreans (there was Libya at some point in time), so really, nothing to write home about.
- celticninja 6y ago
  Which is worse. This guy is going work for a known shady organisation to help them manage regulations and set them up so that their shady dealings end up within the law, or they get a minor slap on the wrist, and they're allowed to continue doing business.
- FDSGSG 6y ago
  Binance is squeaky clean here, they do reject doing business with US citizens (except for their US entity which is fully compliant with US regulations and is not the target of this investigation).
  - _rtld_global_ro 6y ago
    This restriction was not in place from the start, what happens to US citizens who have funds in binance_dot_com before this restriction? It's hardly clean in any sense.