News for hackers. Stuff that matters.
Re:Bitcoin Can Drop 50% and China Miners Will Still Make Money by jsmthrowaway on Wednesday January 10, 2018 @08:17PM (#16120723)
Westerners who travel abroad on behalf of corporations are trained on this religiously. It’s considered corruption on home turf, and entertaining it can come back on a company quite hard both domestically and internationally, particularly when a government official is involved.

“But $trainer, you mean I really have to report the $80 dinner I was treated to in Shanghai?” You bet. If you operate a startup that does deals internationally and aren’t training your team from a risk management standpoint, the legal downside is huge if a government decides to look at you. Start with the Bribery Act of 2010, the FCPA, and so on.

Re:Bitcoin Can Drop 50% and China Miners Will Still Make Money by JumpCrisscross on Wednesday January 10, 2018 @08:38PM (#16120829)
Agreed. FCPA is ruthlessly enforced. And for good reason.