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Or maybe Binance should put some effort (they are a tech company after all) into figuring out if a user is from the US instead of telling its users to use a VPN

Or maybe Binance should put some effort (they are a tech company after all) into figuring out if a user is from the US instead of telling its users to use a VPN. I'm actually a BNB holder but the arguments here are silly.

CryptoPunk 6y ago
If a US regulatory agency doesn't want its residents to interact with foreign websites, it should block their internet access to websites outside of the country. Other entities outside of the US have no moral obligation to run these checks on behalf of the US government.
- filoleg 6y ago
  >Other entities outside of the US have no moral obligation to run these checks on behalf of the US government Those other entities are businesses. If they want to conduct business in the US, they have to abide by the local laws. Just like any US business has to abide by EU laws if they want to operate in EU. >If a US regulatory agency doesn't want its residents to interact with foreign websites, it should block their internet access to websites outside of the country. US is literally acting in the interests of the business here trying to help them. US could block Binance, sure. But I think it is more merciful of them to give Binance a chance to fix their shit up and still let them operate in the US. Blocking those website is the last resort, as it should be. Also, again, no one forced Binance US to register as a legal business entity in the US and conduct business here. Binance US is supposed to operate within US laws. It is their dedicated US branch for US customers that is supposed to provide services legal in the US (no derivatives, as opposed to their non-US Binance platform). Except they, allegedly, let some stuff from the non-US branch that is illegal in the US to slip through to the US customers. Binance cannot have their cake and eat it too. They either don't operate in the US or they do so while abiding the law.

CryptoPunk 6y ago

If a US regulatory agency doesn't want its residents to interact with foreign websites, it should block their internet access to websites outside of the country. Other entities outside of the US have no moral obligation to run these checks on behalf of the US government.

filoleg 6y ago
>Other entities outside of the US have no moral obligation to run these checks on behalf of the US government Those other entities are businesses. If they want to conduct business in the US, they have to abide by the local laws. Just like any US business has to abide by EU laws if they want to operate in EU. >If a US regulatory agency doesn't want its residents to interact with foreign websites, it should block their internet access to websites outside of the country. US is literally acting in the interests of the business here trying to help them. US could block Binance, sure. But I think it is more merciful of them to give Binance a chance to fix their shit up and still let them operate in the US. Blocking those website is the last resort, as it should be. Also, again, no one forced Binance US to register as a legal business entity in the US and conduct business here. Binance US is supposed to operate within US laws. It is their dedicated US branch for US customers that is supposed to provide services legal in the US (no derivatives, as opposed to their non-US Binance platform). Except they, allegedly, let some stuff from the non-US branch that is illegal in the US to slip through to the US customers. Binance cannot have their cake and eat it too. They either don't operate in the US or they do so while abiding the law.