3 ms·

I never truly understood that - prohibiting companies outside of US from getting American customers. If the US govt doesn't want that to occur maybe they should

by mszcz 6y ago

I never truly understood that - prohibiting companies outside of US from getting American customers. If the US govt doesn't want that to occur maybe they should police their citizens instead and see how that goes? I mean, an American citizen signs up for a service that he's forbidden from using and somehow that's the company's (that's offering that service) fault? Looks to me like trying to pass off doing your bidding to others.

JumpCrisscross 6y ago
> an American citizen signs up for a service that he's forbidden from using and somehow that's the company's (that's offering that service) fault? Americans aren’t forbidden from using Binance by the U.S. The U.S. says if you’re doing business with Americans, you have to follow these rules. Binance isn’t following those rules. One solution is to follow those rules. Another is to not do business with Americans. Either way, the obligation is on the vender. Not the consumer. (If the consumer lies about being American, the vender may be able to collect damages.)
- mszcz 6y ago
  > Binance isn’t following those rules. Allegedly ;) > Either way, the obligation is on the vender. Yes, but that's an obligation that's put forward by the US govt. If I'm incorporated in another country why do I have to concern myself with their market regulations?
  - JumpCrisscross 6y ago
    > why do I have to concern myself with their market regulations? Because the people you are doing business with, Binance, decided to use U.S. dollars. And, allegedly, to do business with Americans.
    - mszcz 6y ago
      We seem to be going in circles ;) I'm ok to let this go ;)
wmf 6y ago
US investment regulators are determined to see investors as victims and other parties (crypto exchanges in this case) as perpetrators even if that's not quite what's happening. You can profit from something you know is a ponzi or pump-and-dump and you're still the victim. (The only exception I know of is the Madoff clawbacks.)

by mszcz 6y ago

JumpCrisscross 6y ago

> an American citizen signs up for a service that he's forbidden from using and somehow that's the company's (that's offering that service) fault? Americans aren’t forbidden from using Binance by the U.S. The U.S. says if you’re doing business with Americans, you have to follow these rules. Binance isn’t following those rules. One solution is to follow those rules. Another is to not do business with Americans. Either way, the obligation is on the vender. Not the consumer. (If the consumer lies about being American, the vender may be able to collect damages.)

mszcz 6y ago
> Binance isn’t following those rules. Allegedly ;) > Either way, the obligation is on the vender. Yes, but that's an obligation that's put forward by the US govt. If I'm incorporated in another country why do I have to concern myself with their market regulations?
- JumpCrisscross 6y ago
  > why do I have to concern myself with their market regulations? Because the people you are doing business with, Binance, decided to use U.S. dollars. And, allegedly, to do business with Americans.
  - mszcz 6y ago
    We seem to be going in circles ;) I'm ok to let this go ;)

wmf 6y ago

US investment regulators are determined to see investors as victims and other parties (crypto exchanges in this case) as perpetrators even if that's not quite what's happening. You can profit from something you know is a ponzi or pump-and-dump and you're still the victim. (The only exception I know of is the Madoff clawbacks.)