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Right. The CFTC's characterization of that behavior, which I think is correct, is that VIP customers created offshore shell companies to falsify their locations
by SpicyLemonZest 4y ago
Right. The CFTC's characterization of that behavior, which I think is correct, is that VIP customers created offshore shell companies to falsify their locations and Binance encouraged them to do so.
- tric 4y agoit's not uncommon for lawful hedge funds trading equities to have offshore shell companies. Employees of those funds have these types of accounts too. I only point this out because your comment read as if this was a smoking gun.
- seydor 4y agodepends, by that metric all the Swiss banks are illegal