Without case law, authorities don't know neither. With the two law suites, Coinbase and Binance, we are goong to find out.
Generally so, if a company works in, or close, to a highly regulated industry it is up to that company to do so in a compliant way. Or generally compliant, there isba tendency of start-ups in Germany complaining about how taxes apply to them as well. If said company is not comoliant, it is on them. And does happen all over the place, to all companies, all the time. For stuff ranging from export, to taxes, to anti-trust and corruption. Only that, say, Lockheed isn't getting any slack when it comes to creative sales techniques.
And compliance costs are costs of doing business. If you cheap out on that, well, ypu deserve what ever is coming your way.
> Without case law, authorities don't know neither.
Authorities are the ones who create the rules. If they tell you what the rule means, that's what the rule means, because it's their rule. That's the point of having them be the one to tell you.
You can write rules without knowing how they'll be broken.
Some people defend themselves by saying they didn't take the action they're accused of, others can cop to the action they took, and argue that the law doesn't apply because x, y, z.
So, like, that's why case law is a whole thing, it extends "the rules" to "here's how the rules have been interpreted in these situations"
Generally so, if a company works in, or close, to a highly regulated industry it is up to that company to do so in a compliant way. Or generally compliant, there isba tendency of start-ups in Germany complaining about how taxes apply to them as well. If said company is not comoliant, it is on them. And does happen all over the place, to all companies, all the time. For stuff ranging from export, to taxes, to anti-trust and corruption. Only that, say, Lockheed isn't getting any slack when it comes to creative sales techniques.
And compliance costs are costs of doing business. If you cheap out on that, well, ypu deserve what ever is coming your way.