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I'm a citizen of a small European country. I use quite a few American services. Does this mean they are subject to my country's law? Binance used IP-based lock
by msm_ 4y ago
I'm a citizen of a small European country. I use quite a few American services. Does this mean they are subject to my country's law?
Binance used IP-based locking mechanism (easy to avoid with a VPN). Similarly, I saw US-based websites that blocked access to European customers because of GDPR, and I've circumvented their geolocks using a VPN. Does it mean that I can sue them for not following GDPR now?
I'm not trying to argue for Binance here, and I think that US compliance and anti-money laundering laws are reasonable. But I wonder if your position is that "everyone should just follow US law", or is it more nuanced.
- boeingUH60 4y ago> I'm a citizen of a small European country. I use quite a few American services. Does this mean they are subject to my country's law? Yes, it does, and most especially if it involves moving funds. If your country decides that the platform broke their laws, they could sue just like the CFTC or even request an arrest and extradition of the alleged perpetrators. But, in reality, European countries don't often pursue such cases as aggressively as the US. The U.S. government has a well-oiled law enforcement and military machine that it uses to pursue its targets across the globe (sometimes with bullying involved). I'm reminded of a case where a woman was extradited from the Netherlands to the U.S. and sentenced to 3 years for sending a relatively paltry $300 to the terrorist group Al-Shabab. https://apnews.com/article/africa-netherlands-somalia-al-shabab-28726c5a5a84f93ac9482f8f5c34e300 https://apnews.com/article/africa-netherlands-somalia-al-sha...