Block Inc. (formerly Square) is in big trouble

[NotATether]

So you mean any transaction coming in or out from those sanctioned countries will be taken as terrorist funding!!! It's new for me, well, IMO that's not how things should go, as transactions should be checked thoroughly like for what purpose it was used, I mean who sent it and who received it. Does the receiver belong to a bad actor in the community and using that money for bad purposes?

You could circumvent that with a VPN or Tor though. Tor is better since many VPNs are owned by the same few companies, and also the fact that the no logs policy is most of the times BS, they usually keep logs so that they don't have to go to jail for you.

[philipma1957]

So you mean any transaction coming in or out from those sanctioned countries will be taken as terrorist funding!!! It's new for me, well, IMO that's not how things should go, as transactions should be checked thoroughly like for what purpose it was used, I mean who sent it and who received it. Does the receiver belong to a bad actor in the community and using that money for bad purposes?

You could circumvent that with a VPN or Tor though. Tor is better since many VPNs are owned by the same few companies, and also the fact that the no logs policy is most of the times BS, they usually keep logs so that they don't have to go to jail for you.

I have always suspected Tor as a can of red paint use to help warn governments etc.

[yhiaali3]

These American companies that violate US laws and provide payment facilities to countries subject to US sanctions have two reasons: either because they want to get money in any way, even by violating the laws, or they see these sanctions as unjust to these countries and they violate the sanctions.

I am against the first reason, but I support the second, and with the violation of these sanctions by these companies, I salute them, because the citizens residing in these countries subject to sanctions have no fault or any connection to politics, so why does the United States impose sanctions on them?

[Freemind]

There are hundreds of companies in the United States that continue to do business with Russia, which is "supposed" to be a sanctioned country. And I say "supposed" because money, at the end of the day, is still money, just like business. One thing is how governments want to project sanctions internationally for starting a war and quite another is what happens between companies in private, everything is hypocrisy.

Regarding the way Block Inc. acts, I don't think there is much more to add, greed in its purest form to continue accumulating money without regard to sanctions or ethics or morals. Something that does not surprise me in the businesses that Jack Dorsey gets into, although the press has always called him the technological genius.

This is a very interesting article from Fortune that elaborates on what I said in the first paragraph: Over 300 U.S. companies still operate in Russia.