3 ms·

Don't know which is scarier... Binance ignoring potential crime on its platform, or a US entity having power over someone at the other side of the world. While

Don't know which is scarier... Binance ignoring potential crime on its platform, or a US entity having power over someone at the other side of the world. While I don't support the first point, second is way more scary IMO. We need to stop US ruling the world as if it's its own, seriously.

choppaface 4y ago
Binance.us and United States Binance users cause harm in US markets, so it’s a US problem. If the harm were tiny or really hard to fight, e.g. all the existing off-shore credit card fraud, ad spam fraud, robocalls etc then the response might be different. Here the threat is one well-defined entity.
- can16358p 4y ago
  Well if they really want to block US persons from using Binance (which is against freedom btw) they can simply block access, watch out for bank transfers to/from within US etc. While there are always workarounds, if people want to use something, they should be allowed to use it (as long as it doesn't harm others of course, which doesn't in this case). In no way US should be able to do anything to CZ as long as he doesn't enter US soil, physically in person.
code_runner 4y ago
They operated in the US illegally right? Seems like they're the ones who screwed up here...
- can16358p 4y ago
  Internet should be free and anyone willing to participate in a platform should be allowed. This is against freedom. Ironic for a country where owning and carrying a gun is a right.
AnonMO 4y ago
I mean no one is forcing him to show up to court. if he doesn’t come its a defacto win for the CFTC This will lead to stronger enforcement of US entities interactions with binance or he shows and settle and moves on. The Eu, China, etc… can do the same. Also as stated by cz as per the filing 20-30% of traffic comes from the US that enough grounds for action.

3 ms·

Don't know which is scarier... Binance ignoring potential crime on its platform, or a US entity having power over someone at the other side of the world. While

by can16358p 4y ago

choppaface 4y ago
Binance.us and United States Binance users cause harm in US markets, so it’s a US problem. If the harm were tiny or really hard to fight, e.g. all the existing off-shore credit card fraud, ad spam fraud, robocalls etc then the response might be different. Here the threat is one well-defined entity.
- can16358p 4y ago
  Well if they really want to block US persons from using Binance (which is against freedom btw) they can simply block access, watch out for bank transfers to/from within US etc. While there are always workarounds, if people want to use something, they should be allowed to use it (as long as it doesn't harm others of course, which doesn't in this case). In no way US should be able to do anything to CZ as long as he doesn't enter US soil, physically in person.
code_runner 4y ago
They operated in the US illegally right? Seems like they're the ones who screwed up here...
- can16358p 4y ago
  Internet should be free and anyone willing to participate in a platform should be allowed. This is against freedom. Ironic for a country where owning and carrying a gun is a right.
AnonMO 4y ago
I mean no one is forcing him to show up to court. if he doesn’t come its a defacto win for the CFTC This will lead to stronger enforcement of US entities interactions with binance or he shows and settle and moves on. The Eu, China, etc… can do the same. Also as stated by cz as per the filing 20-30% of traffic comes from the US that enough grounds for action.