It depends a lot on your needs. Firstly, if you are completely free to choose your location or you have some restriction such as having to be in Asia, Europe, Middle East, etc... Second, some are more friendly in certain aspects. For example you may want to pay minimal taxes for which you would choose Luxemburg, Ireland or any tax heaven. However, you may be looking for qualified professionals and a solid legal system that may be present in UK or in some states of the USA. The names that are frequently mentioned are:
- Switzerland
- Estonia (which has a virtual citizenship)
- Luxemburg
- Singapore
- All tax havens

No, that is not true. UK has not banned binance.com just a subsidiary. There are at least three threads about it with the right information. No, this is not against crypto at all, it is about companies that do not bother to have an adequate control of their clients and the money flows. It is as simple as this and not related to crypto itself. Crackdowns on crypto properly said are related to those countries and regimes that try to hold their people from having freedom to move and spend their money or to use other currencies than the official.

It is incredible that people even consider the martingale. Is as old as life and yet still somehow it captures the imagination of players that keep on loosing money either with the original scheme or with many variations aimed to increase the chances. The fact is that:
- Statistically, you may loose an indefinite amount.
- The limit of bets puts an effective limit to the system.
- If it worked, it would be banned. Casinos like wining only.

So, users are either illiterate or they just don´t even bother to google it.

RE moving boundaries, land limits are registered. Moving the "mark stone" is referenced in Egyptian scripts 2000 BC. and is still an offence so recurring to the law should work for that. Not that wall are a bad idea anyway. Catwise... well, CCTV and some recordings and recordings of sound could be of help, but...yeah... lost cause mostly.

RE old people living in expensive houses but with moderate pensions... well, you may consider a reverse mortgage or some form of equity release. It is of little use to have a valuable property if you cannot maintain it. You can live on it, get some additional income and still leave something for your heirs if that means anything to you.

EDITED TO ADD: I skipped over the fact that you know a few widows over 80 with valuable houses. Are they good looking? Would you say that they are in good health? .... just asking you know, they may need some love and sincere caring from me. 

Kind of agree widely on the points there. The modern US and other states are trying to cope with crisis as they come. They learnt the hard way during the 2009 crisis that hit hard in Europe that you cannot reduce public expenditure and expect the economy to go well by itself. Now they are trying the opposite recipe - what if I throw a huge amount of cash into the peoples hands? Well, no wonder we are talking inflation after decades of nearly zero rates in Europe, Japan and low rates in US, UK.

This is the way we are going to pay for COVID. It is inevitable - COVID did happen, it did strike the economy of the developed countries and far worse for underdeveloped and emergent economies. People had to be saved printing money but the fact is that the world is now poorer than before and it will take several years to catch up again.

I am quite sceptic about the ability of any government of any sign to cope effectively with this. Biden seem to be throwing more money into the economy but I think is more related to trying to keep the US up to date with the world by investing. I am certainly unaware of any plan not to deal with inflation, which can be easy, but the plan to deal with high interest rates when they come.

(Translated roughly from my post in the Spanish section)

Look, my interpretation is that this (ban) is not about territorial restrictions or using VPNs, this is about preventing systematic money laundering, although I sincerely believe that they are only concerned with the ones destined to finance terrorist activities and marginally and by association, the sale of drugs and oil from sanctioned countries. Do not mistake this for an attack on the average joe that has 4 sats sitting around.

The UK and precisely the City and Canary Warf in London are a gigantic financial centre, particularly if you consider how small is the UK in size and population. Among many other things, "Greater London" - London + its metropolitan area, generates one third of the economic activity of the UK.

A large part of this "success" is due to the Empire, but above all, to the agility with which the UK has managed to become an exceptional receiver of funds from various origings. African dictators, Russian oligarchs, high-class arabs and many other categories that are welcomed with a red carpet and little questioning. Up to there, the government of the UK is happy with all this and its only aim it to keep being the perfect destiny for those investments. Be not mistaken, the Brexit campaigns have not financed by Welsh shepherds, but all the money that wants maximum flexibility and independence from the rules that may come from "Europe".

The problem of all this is when you get a terrorist attack in Paddington Station, at peak commuting hour, and you pull the string to find out that it was financed with money laundered near Bank or Canary Wharf Station. That does hurt, also when George Bush calls you asking why the HSBC is laundering the money used to pay chinesse hackers or why is there a British Bank with large accounts to the name of Mickey Mouse Bin-Laden Pluto.

The financial conduct authority are far from being saints. They are there to see only what is appropriate to see (drug money from Afghanistan bad, drug money from Colombia ok only if it is huge and money from tax evasion in Spain coming through Gibraltar marvellous.

Binance Markets has not been banned for allowing people to buy bitcoin. There is something else there, and it is something that Coinbase has been working around for years. My impression is that Binance cannot copy that overnight because it is not about filling a few forms here and there.

A ver, que mi interpretación es que esto no va de restricciones territoriales o usar VPNs, esto va de de evitar el blanqueo sistemático de capitales, aunque sinceramente creo q les preocupan sólo los destinados a financiar actividades terroristas y marginalmente y por conexión, la venta de drogas y de petroleo desde paises sancionados. No confundir con atacar al ciudadano medio que tiene por ahi 4 satoshis.

Reino Unido y más precisamente la City y Canary Warf en Londres son un centro financiero gigantesco, sobre todo si se tiene en cuenta lo pequeño q es UK en tamaño y en población. Entre muchas otras cosas, en "Greater London" -Londres + area metropolitana - se genera una actividad economica que supone un tercio del total del Reino Unido.

Una gran parte de este "exito" se debe al imperio pero sobre todo a la agilidad con la q el Reino Unido ha conseguido convertirse en un captador excepcional de fondos de diversos orígenes. Dictadores africanos, oligarcas rusos, árabes de postín y muchas otras categorías que son recibidos con la alfombra roja y pocas preguntas. Hasta ahí, al gobierno del Reino Unido todo le parece maravilloso y su único deseo es seguir resultando un destino perfecto para ese tipo de inversiones. No quepa a nadie duda de que las campañas del Brexit no las financiaron los pastores galeses, sino todo el dinero que quiere máxima flexibilidad e independencia y muy pocas reglas que vengan "impuestas" desde Europa.

El problema de todo esto es cuando te hacen un atentado en la estación de Paddington en hora punta y tirando del hilo ves q eso se ha pagado con dinero blanqueado cerca de la estación de Bank or de Canary. Eso si duele. Y cuando te llama George Bush y te pregunta q porqué el HSBC está lavando dinero q China usa para pagar a sus Hackers o porqué hay un banco británico con cuentas a nombre de Mickey Mouse Bin-Laden Pluto.

La autoridad de conducta financiera no son santos, están ahí para ver sólo lo que conviene ver (dinero de la droga en Afganistan malo, dinero de la droga en Colombia si pero sólo si es mucho y dinero de la evasión de impuestos a través de Gibraltar medalla de oro).

Binance Markets no está prohibido por permitir a la gente comprar bitcoin. Algo más hay ahí. Es algo que Coinbase lleva trabajando durante años y tengo la impresión de Binance ahora no puede copiar de la noche a la mañana y que no se trata de arreglar "cuatro papelitos".

I am not so sure about what high rollers value more. They already got the economic means so giving them "extra spins" or 10% on top of any deposit is probably not going to make their day, however they can probably be more entertained with some human interaction, a more personalised service, betterments in their rooms and the like. That is why I think is quite difficult for the on-lines to offer something that provides a similar experience. Also, the design of real world casinos are intended to keep the player "concentrated" in playing, that´s hard to replicate if they are at their home or office.

I think you are answering the question. A reputation is something very valuable - many companies have that into their balance sheet as "goodwill" or "intangible capital" and some companies worth are only their reputation such as Law firms, advisors, etc.. What could drive a company to burn its reputation in a short time? I guess that massive profits. This happened with the auditors of Enron for example. They choose to ignore the shit that was obviously floating around and when Enron busted, they nearly dissapeared.

Most western countries and cities have either groups of support for gamblers and other addictions to share and encourage each other to resits. I think this is different from alcoholism and that most people could benefit from a more specialised psychological support to find out what is triggering their gambling beyond their control zone. However, many people that gamble do not have the resources to get into this specialised treatments and have to do with help from the church groups or others.

They say "the worst thing that can happen to an addict to gambling is winning".

As silly as it may seem, some players would take into consideration things that may be overlooked by normal people. Like the fact that the UK is mostly a shitty place to live during 5 months a year. Rain, cold, not many hours of light and a bunch of people that pretend that other do not exist. Seriously, if I were a player, I would request a big premium to settle in the UK and to play for any British team. Perhaps that explains why the Spanish league has great players even in small teams 

I got some relatives that love bingo, but I think is mostly for old people that are familiar with the game an mostly like playing live rather than on-line. I would be interested in knowing if there are actually people playing on-line bingo even after the COVID restrictions it is probably just for a minority. Anyway, I always asked myself why would old people play a game that actually requires quite a bit of concentration and being able to read quite fast.

Como bien dices afecta solo a actividades reguladas por la autoridad de conducta financiera, lo cual curiosamente no incluye el mero trading de cryptodivisas. Los usuarios pueden seguir usando Binancey comprando y vendiendo bitcoins y compañía.

 Creo que las autoridades están preocupadas por lo que pueda suponer el incumplimiento de las regulaciones antiblanqueo de capitales que pueden darse con cantidades grandes a través de los mercados de capitales pero no mucho sobre lo que los usuarios individuales or retail puedan "tradear" (perdón  por el palabro).


Lo dicho, no han prohibido la actividad de Binance, sino la subsidiaria Binance Markets y sólo en actividades reguladas.

This is a perfect sample of the middle class mentality of a developed country. Get free education, college, climb up the ladder = work for someone else. Nothing really wrong with it, but that will only elevate the status of one in a million.

RE "rich kids cannot do much about it" - so naïve, so beautiful ... and so wrong. They will create their own exclusive schools, the will mingle with their "equals" their dads own the company of that corporate ladder you want to climb and they will be placed high on it before you can even start. If you have talent, do something for yourself.

As I have said a few times, states that ban crypto or put pressure on it are not illogical nor stupid. They make a calculated move, yet many times failed, to prevent their people from having options in life. And it is not just about crypto and bitcoin, it is about having a full control of everything that happens in their societies and in peoples lives. They know that the moment they give freedom and means people will start questioning them. There is something I learned from a friend that left a country of zero opportunity (I do not want to mention the name): If you are too busy looking for food, you cannot think of anything else (such as changing the government).

They cannot control bitcoin, is that tiny little seed of monetary freedom that could spark protests and revolutions.

No, nobody from El Salvador can tell you about living conditions because the are on one or more of this categories:

- Too busy trying to go about their lives without being randomly killed in the streets.
- Too busy Working for a drug cartel.
- Too busy In prison.
- Too busy being members of a band that would rather not talk to you.
- Corrupt government officials Too busy getting bribes.

Please notice that you can find this quite mixed, e.g. a Corrupt government official working for a drug cartel in prison, belonging to a band and trying not the get randomly killed.

Apart from all this, the cost of living  is low, the climate is great and you can buy pretty much anything with money.

Some people are born rich or moderately rich, some are born middle class and some are born poor or extremely poor. All these conditions come along with a set of survival guides that the parents, relatives and even teachers will pass along as a map of life. For example, in a school of a country that does not give opportunity to its people, where most of the students are poor, it is unlikely that the teachers will induce them to think big or have big dreams...more likely they will aim to keep them apart from drugs, avoid problems with the government and try to imbue some basic skill for life. The ultra-poor do not even get that - which actually may be better.

In a preppy school, where most of the students are rich-born, the conversation is quite different. Culture, life, opportunity, spirit-de-corps and class mentality are imbued in the same manner, so the kids will somehow justify in their minds that they have the right to be rich even if they have not done anything for anyone in their lives - perhaps not even for themselves - because of some Darwinian property of cosmos.

As a result, the poor and even middle class have to jump over one real barrier, their lack of funds, and more importantly, like the Elephant that learns young that he cannot break the chains and never tries again, over their own state of mind, their own prison set by the terms of those who trying to help taught them to avoid anything but doing the same that keeps them poor.

The US was certainly looking for some inflation, even if it may result a bit high it is ok, because that is how we are all actually going to start paying the COVID bill. Until now, it has been paid with Monopoly money, but that may not continue to be the case in the future. Anyway, they main problem is that, like wars, you can start inflation but it is much more difficult to stop it and you may not be able to do it when you want.

A high inflation is particularly problematic in the current context of "zombie companies", living dead that are only keep alive by a hyper-cheap debt blood line that ends the moment the interest rates need to be raised to control inflation.

The UK financial authority has effectively banned Binance Markets from operating in the country. While this does not affect its main service, it is something of a warning for all the major exchanges on regards to compliance and agreement with the Financial Conduct Authorities, not only in UK but in general. The effort for compliance made by Coinbase marks a difference when these things happen.

The ban extends to "regulated activities", such as for example constituting an investment fund, but not for now on the trade of crypto itself.

source: https://www.bbc.com/news/business-57632831#:~:text=Binance%2C%20the%20world%27s%20biggest%20crypto,regulated%20activity"%20in%20the%20UK.

From other sources, the reasons seem to be insufficient anti-money-laundering compliance or even involvement in it.

Sound quite interesting. The firms buying crypto for now a bit on the margins compared to the stock market. e.g. just one SPAC led by Bill Ackman has got twice as much to spend. Yet still is good news that crypto are seen as an alternative asset for those looking for strong returns and can cope with the extreme volatility of the cryptomarkets. With a long term view, we may be on an era of crypto becoming a trade tool of the big money compared to being a tool for some of the large wealth holders that were more entrepreneurial than average.

I hope this fund is the first of many more to come if the returns drive more people in.