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Incoming: third party compliance monitor (as always, run by ex DOJ people) and a more risk averse CEO. I hope this doesn't mean they eventually stop operating

by costco 3y ago

Incoming: third party compliance monitor (as always, run by ex DOJ people) and a more risk averse CEO. I hope this doesn't mean they eventually stop operating in the unregulated markets like China, Vietnam, Turkey, etc. Bet365 and DraftKings do it but for gambling so it's certainly possible to run a major respected company while ignoring the laws of countries that don't have the leverage America does.

Tarimckins 3y ago
[dead]
FormerBandmate 3y ago
[flagged]
- deleted 3y ago
  [deleted]
- ipaddr 3y ago
  Why would unregulated markets have a different use case than regulated? Whatever reasons people have here is the same reasons they have in countries who haven't regulated it.
- pants2 3y ago
  The involvement of crypto in financing Hamas was likely vastly overestimated[1]. 1. https://www.chainalysis.com/blog/cryptocurrency-terrorism-financing-accuracy-check/ https://www.chainalysis.com/blog/cryptocurrency-terrorism-fi...
Enogoloyo 3y ago
China is not unregulated. And all countries strong enough with their own fiat do care quite a lot to not having crypto in their country
- costco 3y ago
  Sorry, I meant places where Binance is not licensed. This is most of the countries they operate in.
- ergocoder 3y ago
  Yeah. China is weirdly regulated with no standard. One misstep and you wish you could be prosecuted in US instead.