[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 908 KB, 1296x1311, 1529855957970.jpg [View same] [iqdb] [saucenao] [google]
10833277 No.10833277 [Reply] [Original]

why arent americans afraid of SEC / IRS going after them for trading in bitmex and other crypto exchanges located in shady countries?

>> No.10833314

SEC doesnt go after individuals anon

>> No.10833327

>>10833314
IRS does tho...

>> No.10833339

>>10833277
Because burgers are dumb

T.Burger

>> No.10833352
File: 6 KB, 250x167, 1533177029151.jpg [View same] [iqdb] [saucenao] [google]
10833352

>>10833277

>trading

Have fun losing money to algo bot traders over X period of time.

>:)

>> No.10833356

>>10833327
IRS only cares if you don’t pay taxes
And they’re not gonna go after small fries cause it’s not worth it

>> No.10833393
File: 25 KB, 1240x155, jWzVG4R.png [View same] [iqdb] [saucenao] [google]
10833393

I mean americans are not allowed to use bitmex but it is well known that a shitload of americans are there.

why arent they afraid of their big mean gov foing after them?

>> No.10833401

>>10833277
because americans arent very bright anon

>> No.10833416
File: 83 KB, 1079x951, IMG_20180727_185331.jpg [View same] [iqdb] [saucenao] [google]
10833416

>it's not illegal
>there is no record tying name/address to most exchange accounts
>chink companies could care less about the burger tax police
Leafcuck so I could be wrong

>> No.10833868

>>10833339

Wow, the anti-burger cope is strong today.

>> No.10834176

Yeah tell me how I can fucking buy coins on an exchange without my personal info fucking idiot. Every exchange wants your SSN now.

>> No.10834290

>>10833277
The IRS doesn't enforce laws, they just collect taxes.
The SEC doesn't have a single fuck to give about some spastic on /biz trading his lunch money on Bitmex - and have less fucks to give if you come whining to them if Bitmex steals your money.

It's not illegal to trade on Bitmex as a US customer. There isn't a single law on the books forbidding it. The issue is, if an exchange like Bitmex, or a Forex exchange wants to legally service US customers, they have to comply with CTFC laws and regulations, or be sued. So they just deny US customers on paper, and turn a blind eye to Murricans registering via VPNs, because Bitmex is a long con. The only actions I've seen them take is their worthless moderators will ban retards in the Trollchat who openly admit to being American.

If you trade on Bitmex, just keep in mind, you have NO legal stance against them, for anything they do. They could close the exchange tomorrow, run with the money, and there isn't shit you can do. There's a reason they're based in the country they're in, because they'd be arrested and locked up trying to operate in the first world. If they do a "maintenance" and clear you out in a liquidation, you have no legal recourse. They're literally a back alley craps game.

>> No.10835360

>>10833393

If you aren't american why do you even care? It doesn't involve you or have any affect on you Why don't you worry about your own shit?

>> No.10835669

>>10833416
Fellow leaf agreeing with you, worst case scenario we go to jail and we sell cigarettes.