• XLE@piefed.socialBanned from community
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    26 days ago

    Why does Binance get to enjoy all the legal benefits of being a corporation, and all the benefits of trading cryptocurrency, and none of the downsides of either?

    • dwazou@jlai.luOP
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      26 days ago

      They were prosecuted for money laundering.

      https://www.bbc.com/news/technology-68930465

      The problem is that the legal punishment was too mild. The CEO spent 4 months in a luxury prison for white collar criminals. Basically a social club for the rich.

      So now he is doing the same thing all over again.

      • Richard@lemmy.world
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        26 days ago

        If i robbed a watermelon on the local supermarket i would get more prison time than that. The US legal system is a joke