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by cm2187 2946 days ago
DMCA is only one example. In the financial world, the extra-territoriality of US laws is widespread, such that for example even securities sold outside of the US, to non US customers, by non-US institutions, issued by non-US entities have long US laws compliance sections in their documentation. Non US banks outside of the US are reluctant to take US clients because of these laws (not dissimilar to the discussion on blocking EU IPs here).
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I even read somewhere a while ago that the US claims jurisdiction on any financial transaction in the world as long as it's done using USD... Talk about overreach.