> location independent companies

That’s not a real thing

How is it not? A DAO with with the right setup would require international collaboration to extradite all the members and coerce them to unlock their holdings

Yes sure but most existing crypto players want to be able to drive their Lambo to a nice restaurant in San Francisco or London, not have to live in a cave in Belarus or Haiti as a fugitive from the civilised world.

I'm going to be honest with you but considering last time I've visited SF I'd take a nice Belarusian cave in a heartbeat.

Well, but not this CEO, and if this site is to be believed, he is just a public strawman. https://scambinance.com/investigations/131-who-owns-binance-...

because a company is a legal entity and a DAO is a cryptographic slot machine. A DAO is no more a company than my 10 year old nephew’s gang is a company, although there exist similarly arcane rules, a complex voting system, and a great deal of wishful thinking in both.

Could you turn a DAO into a company? Sure, if you incorporated it, but that requires a country to incorporate it in.

All crypto on- and offramps are by definition connected to the regulated banking infrastructure.

If customers can‘t deposit or withdraw money to an exchange, that makes the exchange effectively inaccessible to customers in that jurisdiction.

Human beings are not "location independent". They will arrest the humans who run the companies.

The EU regularly fines companies that don’t even have a business entity in the EU so I doubt they’re worried about it.

Yes, theoretically. Has it actually happened in practice? Did they pay?

(All cases I can find are either local EU companies or large multinationals who do have boots on the ground in the EU.)

> The CEO is more or less permanently on the lam.

Source?

Binance isn't location independent. They're incorporated in the Caymans.