Every US company/citizen is not allowed to do trade with Iran due to the ITSR laws except under highly specific situations.
It gets more complex if a company is multinational though.
A citizen can travel to Iran but even if they buy something there on holiday if they bring it back to the US they need to go through complex customs procedures to make sure its legally brought back in.
> Every US company/citizen [...] if they bring it back to the US
Is that relevant here?
> Binance Holdings Ltd., branded Binance, [...] was founded in 2017 by Changpeng Zhao. Binance was initially based in China, then moved to Japan, subsequently left Japan for Malta, and currently has no official company headquarters.
The founder seems to have been born in China and is Canadian.
I still also don't understand if Iran is supposed to be banned on Binance or not.
Yeah basically, but weaponised globally through the dollar system. Basically, if you interact with sanctioned entities you get cut off from banks with dollar assets (basically all of them).
So going back to the original question, "Is Iran supposed supposed to be banned on Binance?" still doesn't have a clear answer?
It might be that Binance are OK with being cut off from banks or what not, and since there is no thing like "global sanctions", and Binance doesn't seem related to the US either legally or by the individuals running the company, they probably don't need to have Iran banned?
> So going back to the original question, "Is Iran supposed supposed to be banned on Binance?" still doesn't have a clear answer?
I mean, theoretically not, but practically yes. Basically every bank has dollar reserves and as such get caught up in the sanctions screening process. Again, sanctions are most problematic for entities when used by the US, but the EU and other governments also do this, and if you want to transact in a governments currency, then you need to follow the sanctions laws (severe violations can lead to license revokation which basically kills your business).
Unless you have no connection to the fiat ecosystem, then you are gonna end up subject to these laws. And if you have no connection to the fiat ecosystem, you won't be a particularly useful service to most people or businesses.
Ok, but isn't that then up to Binance to decide themselves, if to allow that to happen or not? Lots of people here seem to assume because US embargoes say this or that, means Binance should obviously make one particular choice, but shouldn't that be up to Binance and/or whatever jurisdiction they're in, in actuality?
It's totally up to binance, but being absolutely unable to transact in dollars is a pretty harsh penalty. Normally prison sentences are involved for whoever the head of the US entity is.
It's a US-sanctioned country so allied nations play along with the sanctions and Binance is located within that US sphere of influence so Iran is supposed to be currently banned, yes.
It's not like Western(-ish) nations have much of a choice here. As soon as your banks and financial system depend on the USD in any way, it comes with a mandatory dose of US imperialism and extraterritorial jurisdiction.
Yeah, I love how my legitimate foreign business that is solely owned and controlled by 2x legitimate foreign nationals with a legitimate foreign bank account has to supply documentation proving it's not American in order to prevent the IRS just unilaterally declaring it'll tax my account as if it was a US entity /s
All wrongs in Gatsby have been gotten right in Astro. What will happen next remains to be seen, but currently Astro is amazing for a few specific cases it covers. The performance, developer experience and documentation are all great.
Well I feel like they will take security more in context from here on out.
Atleast they didnt implode their communications like I see from some other companies.
To be really honest, when you bet on AI agents, I feel like soemtimes you bet on the future of the product as well which is built by the people so you are basically betting on the people.
I'd much rather bet/rely on people who are sensibile in communications in troubled times like this than who implode sometimes (I mean no offense to Coderabbit but this is what comes to my head right now)
So moments like these become the litmus test of the products basically imo by seeing how people communicate etc.
the LLM doesn't have the concept of time and it doesn't incorporate new data, unless it's put into the context, so I don't see the point of this suggestion.
Reading about the the complexity of Rust makes me appreciate more OCaml. OCaml also has a Hindley Milner type system and provides similar runtime guarantees, but it is simpler to write and it has a very, very fast compiler. Also, the generated code is reasonably fast.
…and the compiler is very fast. I’d say that OCaml is now a mature language with modest but steady growth in the standard library, while still introducing ambitious new features in the compiler—such as the effect system.
Javascript wins by keeping the costs down. Companies today want to do more with less, which is how it should be and you are still free to choose from a myriad of technologies. When you pair this setup with LLMs, it's actually the best it has ever been IMO.
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