Not so clear cut though is it. For example, does 4chan use a CDN? And is that CDN on UK/EU soil, serving this content?
Therefore they're actually transacting that business on UK/EU soil.
Didn't the US use this argument to prosecute and extradite the Mega founder?
I wonder if the UK/EU will reverse uno the US's stance and start extraditions on US CEOs.
The US would likely not process those extraditions, and it would make trade and international relations worse for no real benefit.