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Alas, if you serve US customers (which they do) you need to abide by US financial rules.
by mikeyouse 3y ago
Alas, if you serve US customers (which they do) you need to abide by US financial rules.
- smcl 3y agoThis would also be an issue in the UK too - mixing client money with company money is a big no-no. I imagine plenty of other countries have similar regulations.
- smoovb 3y agoBinance US, separate entity, serves US customers. Binance from the article does not.
- pcthrowaway 3y agoWeren't those separate entities found to have comingled funds though?
- diab0lic 3y agoBinance from the article most certainly does: https://amp.cnn.com/cnn/2023/03/27/business/binance-cftc-lawsuit/index.html https://amp.cnn.com/cnn/2023/03/27/business/binance-cftc-law...
- deleted 3y ago[deleted]
- raverbashing 3y agoExcept this is more akin to "don't serve food that was left under room temperature for a day" than an arbitrary procedural US-rule.