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Comment by throwaway4good | Hacker News Reader

With US "long-arm jurisdiction" comes US long-arm corruption where companies with no business in the US are forced to pay US lobbyists and US has-been politicians ...

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s/forced/coerced/

It's not like binance is exactly squeaky clean here. Long-arm jurisdiction means it impacts US citizens who are required to pay taxes regardless of residence.

Couldn't Binance just reject doing business with US citizens and not worry?

That's exactly what it's doing (for .com), including monitoring for vpns and other ways that users try to circumvent. My guess is they'll be fine as I dont see what more they could've been doing and I really doubt they were allowing people they could tell are US citizens to use Binance.com given all the comments from Americans over the last months.

>US citizens who are required to pay taxes regardless of residence.

US citizens and also Eritreans (there was Libya at some point in time), so really, nothing to write home about.

Which is worse. This guy is going work for a known shady organisation to help them manage regulations and set them up so that their shady dealings end up within the law, or they get a minor slap on the wrist, and they're allowed to continue doing business.

Binance is squeaky clean here, they do reject doing business with US citizens (except for their US entity which is fully compliant with US regulations and is not the target of this investigation).

This restriction was not in place from the start, what happens to US citizens who have funds in binance_dot_com before this restriction? It's hardly clean in any sense.

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