The SEC’s case against Binance, a live reading by Liz Lopatto
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Anyway, VPNs were a major part of the CFTC complaint, and now here we see another person advising in writing that VPNs were a strategic asset for Binance:
The Binance Consultant also recommended that Binance take steps to “reduce the attractiveness of enforcement” by U.S. regulators concerning the Binance.com Platform. This included publicly “restrict[ing] US persons’ access to the main Binance site” while privately encouraging U.S. customers to bypass these restrictions through the “strategic treatment” of virtual private networks (“VPNs”) that would disguise their locations and thereby “minimize [the] economic impact” of Binance’s public proclamations that it was prohibiting U.S investors on the platform.
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