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I respectfully disagree;

> and the people behind it can just setup another shell company

I think this may be true for the smaller ones, but not for the larger companies, like for example ProtonVpn. They would loose their entire business if they get caught "cheating".

> Google, Amazon... if they get caught cheating... For example Google is getting caught with privacy violations constantly/on a regular basis. For example lately they were caught following Android devices even with Location Services turned off!



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