[embedding-shape]

> Doesn't matter, tbh.

It does matter, for non-Americans, that America isn't the world police and doesn't dictate laws, norms and how other countries behave. Maybe it used to be relatively fringe to have this point of view, but last few years really vindicated this point of view, and I agree that many countries in the world should continue focusing on decoupling themselves from the US, this particular issue highlights one motivation for doing just so.

[disgruntledphd2]

> It does matter, for non-Americans, that America isn't the world police and doesn't dictate laws, norms and how other countries behave. Maybe it used to be relatively fringe to have this point of view, but last few years really vindicated this point of view, and I agree that many countries in the world should continue focusing on decoupling themselves from the US, this particular issue highlights one motivation for doing just so.

All of these (American driven) laws exist in basically every country at this point, and it's gonna be a struggle to remove them. Like, how would you even spin this as a good change?

I personally regard AML laws as problematic as they weaponise the financial system against its citizens with no democratic right of reply, but that doesn't change the fact that these laws exist basically everywhere and aren't going to be repealed.

[embedding-shape]

> Like, how would you even spin this as a good change?

I'm not American, why would I want American laws to apply to me? How could you possibly spin that as a negative change?

> but that doesn't change the fact that these laws exist basically everywhere

So you're saying that there is a Maltese law (or whatever jurisdiction Binance actually is right now) that is saying Maltese companies cannot do business dealings with anyone from Iran? That's the important part, not whatever the US laws says.

[disgruntledphd2]

There are AML and sanction laws everywhere, yes. However the US sanctions are mostly enforced by not letting the offending banks transact in dollars, which are basically controlled by the US government. Because the US dollar is the world reserve currency, this normally causes banks to comply with this legislation and sanction lists.

[embedding-shape]

Yes yes, we understand you, if you want to participate in the USD, you follow US embargoes, you have repeated this without actually answering any questions like 5+ times in this submission now, I think most of us understand the point you're trying to make when you keep repeating it.

They don't exists in every country, the question then becomes do they exist wherever Binance is actually headquartered?

[disgruntledphd2]

> They don't exists in every country, the question then becomes do they exist wherever Binance is actually headquartered?

If you can figure out where Binance is ultimately controlled from, you'll be doing much better than lots of financial journalists.

[embedding-shape]

So why all the raving about US this and US that if no one, including you, even know where they are based? Do you not feel like that's relevant when discussing US embargoes?

[mlrtime]

America doesn't dictate laws in the way you describe. However if someone is claiming to be an enemy of the state, it is the the federal government's duty to protect itself and it's citizens. This is [one of] the core responsibilities of the government.

[disgruntledphd2]

> America doesn't dictate laws in the way you describe.

In this particular case they do, because they cut banks off from the dollar system if they interact with sanctioned entities. It's probably one of their most effective weapons against their "enemies".