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If they’re holding USDs they are bound to US regulations.
by baby 5y ago
If they’re holding USDs they are bound to US regulations.
- nl 5y agoWhat is this statement based on? Plenty of sovereign nations (and individuals in those countries) hold reserves of USD and the US has no authority over them.
- baby 5y agoYou’re right. I thought these would apply internationally but it seems like it’s only if one of the party is a US citizen: https://www.jdsupra.com/post/contentViewerEmbed.aspx?fid=f66d4fe6-e3b4-4be0-91f7-a065cfadeee8 https://www.jdsupra.com/post/contentViewerEmbed.aspx?fid=f66... At least for ofac