292
Hollywood to UK Govt: Investigating Pirates "Increasingly Difficult" * TorrentFreak
(lemmy.dbzer0.com)
Summary: A recent UK government inquiry into the challenges faced by the film and high-end television industry has recently received submissions from major Hollywood studios advocating for KYC (know your customer) rules for hosting providers, similar to banking regulations to identify money laundering. If adopted, this would help them to identify people hosting pirated content.
The submissions are united in identifying the same solution to this problem: the UK must implement a ‘Know Your Business Customer’ regime to compel commercial entities (including online intermediaries) to establish the true identity of their business customers as a precondition for selling, and receiving payment for, digital services.
The inverse should also be true ... if businesses want to know about their customers ... customers should also know every detail about the business they are dealing with.
When we pirate its called breaking the law
When they pirate, it's just another normal business day
And in case you don't know what they pirate ... they pirate profits, raid workers unions, scavenge privacy rights and invade your personal space
Ain't nobody needs to know the finances of my web3 unregistered securities pyramid scheme fraud.
Also, they still break the law and ask the question: "What the fuck are you going to do about it? Sue us?"