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There is a weird extraterritoriality concept that essentially says that if you use USD to commit a crime (they have the buy cards in USD at the beginning), that
by rvnx 4y ago
There is a weird extraterritoriality concept that essentially says that if you use USD to commit a crime (they have the buy cards in USD at the beginning), that you can be prosecuted in the US, even if you are not from the US.
"any company or individual can be investigated, charged and sentenced because of a remote link with US jurisdiction, such as a transaction in US dollars, the existence of a subsidiary onto US territory, or an exchange with a US citizen."
I may be wrong (I'm just guessing) but I suppose that this may be one of the non-technical and legal reason crypto platforms prefer USDC or USDT rather than pure USD.
- nomel 4y agoPeople in other countries don't use USD to buy Nvidia GPUs, do they? Does Nvidia only accept USD? I would assume they would have somewhat independent foreign markets set up.
- ngc248 4y agoIt would be a company which would be buying in bulk, which would use USD while buying. What you mention is about an individual buying from an e-commerce site or a retail seller. That can happen in the local currency.
- nomel 4y agoDoes this mean that A100 and H100 are not sold through retailers?