U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
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Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#2Via Reddit: "Looks like they are gonna get a free audit!"
Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#3If this is a grand jury subpoena, things could get ugly fast in the crypto space. Despite all talk of decentralization, the major exchanges pose a systemic risk.
Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#4Its shocking how they have been allowed to continue printing "fake money" for so long. There were rumours going around long before christmas.
Its about time this 'scam' was exposed.
Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#5What is the point of Tether? Is it for dodging taxes?
Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#6If this is a grand jury subpoena, things could get ugly fast in the crypto space. Despite all talk of decentralization, the major exchanges pose a systemic risk.
The achilles' heel with these systems is their integration points with fiat. Always has been.
Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#7Cryptocurrencies are in an interesting middle ground, from a regulator’s political perspective. They’re complicated and stand to harm mostly those who inflicted it on themselves. For an ambitious regulator looking forward to an administration’s nominating committee, Senate confirmation hearing or even campaign trail, that makes it unattractive relative to e.g. insider-trading hedge fund managers or Medicare fraudsters. (To the contrast, we’re approaching the critical scam mass in Asia.)
Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#8If this is a grand jury subpoena, things could get ugly fast in the crypto space. Despite all talk of decentralization, the major exchanges pose a systemic risk.
market already starting to dip. Down another 6% right after this news go out
Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#9What is the point of Tether? Is it for dodging taxes?
Dodging regulation, in that many exchanges don’t touch money but tether instead.
Re: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
#10What is the point of Tether? Is it for dodging taxes?
Circumventing know-your-customer laws.