Bitfinex and Tether required to end all trading activity with New Yorkers

Re:Bitfinex and Tether required to end all trading activity ... by RC_ITR on Tuesday February 23, 2021 @06:26PM (#26244461)

I still am waiting for a source on this, unless the implication is that those meat-space trades are all illegal / ML and therefore not tracked....

[ Parent | on HN ]

Re:Bitfinex and Tether required to end all trading activity ... by vmception on Tuesday February 23, 2021 @11:53PM (#26246725)

What kind of source would you be looking for

Its like cellular service in an underground subway station: people tell you it arrived and use it and nobody thinks about it afterwards. There wont be a source about that whether you believed it or not.

USDT is as frictionless so it just has use.

[ Parent | on HN ]

Re:Bitfinex and Tether required to end all trading activity ... by RC_ITR on Monday March 01, 2021 @04:21PM (#26308580)

I mean, all functioning governments track the net value of imports / exports (that's the main job of customs departments).

Most functioning governments also keep a balance of payments (https://www.imf.org/external/np/sta/bop/bop.htm).

If the flow of imports / exports doesn't line up with the net flows of payments, someone would raise a flag.

So yeah, unless it's ML / illegal trades, we could at least figure out a way to track it.

[ Parent | on HN ]

Re:Bitfinex and Tether required to end all trading activity ... by antb123 on Thursday February 25, 2021 @10:03AM (#26263448)

Casinos and CFD buck shops love it. Typically only pay 0.003% vs 0.02-0.08% charged by VISA/MC card processors.

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