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> You can say financial services are special, and the US does. Some countries like China say that information services are special, that people shouldn't be all
by boeingUH60 4y ago
> You can say financial services are special, and the US does. Some countries like China say that information services are special, that people shouldn't be allowed to criticize the CCP, and enforce that however they have the power to.
Fairness isn't the concern here. It's just a display of power and law enforcement reach. The Chinese government can (and likely will) block your website if it's criticizing the CCP and gets considerably popular, regardless of the morality of that action.
The same applies to the U.S. government. "To sell derivatives trading products to our citizens, you must register with us first". I consider the American law even fair because derivatives products are risky and a major avenue for scamming people...only licensed firms should offer them.
Note that Binance wasn't banned from selling derivatives products. All that was required was a simple registration with the CFTC, which they refused.