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youmu123 t1_iycatmr wrote

Reply to comment by DataGOGO in Social media firms face big UK fines if they fail to stop sexist and racist content by diacewrb

>If UK companies make payments to a company in the US, that does not make the company beholden to UK/EU rules.

>No, they don't. They can literally completely ignore them.

Someone has not worked with the Banking system.

How can the UK/EU prevent ordinary individuals and businesses from sending money to Twitter? The answer: the exact same way the West stops individuals and businesses from sending money to Iran or Al-Qaeda.

The entire anti-moneylaundering infrastructure the West has built actually creates an infrastructure to make it hard for ordinary citizens to pay. Many criminals will always slip through - but social media platforms have law-abiding users as the vast majority of their base, and they will not be able to pay.

>If they want to block thier citizen's access to the internet, that is between them and thier citizens; it has nothing to do with the company that does not operate in the EU/UK.

It does have everything to do with the company that does not operate. That company loses revenue. It's the same way sanctions work.

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DataGOGO t1_iyd8sv2 wrote

>How can the UK/EU prevent ordinary individuals and businesses from sending money to Twitter? The answer: the exact same way the West stops individuals and businesses from sending money to Iran or Al-Qaeda.

No one said they couldn't stop people from making payments, only that a US company receiving payments from the EU/UK does not mean they are required to follow UK/EU laws.

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>It does have everything to do with the company that does not operate. That company loses revenue. It's the same way sanctions work.

That is between them and thier citizens. All I said is that if there are no operations in the UK; they are under no obligation to follow the UK's laws. Which is 100% correct.

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youmu123 t1_iydg41o wrote

>That is between them and thier citizens. All I said is that if there are no operations in the UK; they are under no obligation to follow the UK's laws. Which is 100% correct.

The person you replied to clearly said they have to follow rules to PROFIT there. Which is my point.

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