Blockfi agrees to pay $100M in penalties and pursue registration

Re:Blockfi agrees to pay $100M in penalties and pursue regis... by nikanj on Monday February 14, 2022 @01:40PM (#30336191)

Luckily they can run the whole scheme from Elbonia, and people are more than happy to send over cryptos from the US.

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Re:Blockfi agrees to pay $100M in penalties and pursue regis... by cuteboy19 on Monday February 14, 2022 @01:53PM (#30336436)

That's almost exactly how Tether (USDT) works. Except instead of Elbonia we have the Caymans

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Re:Blockfi agrees to pay $100M in penalties and pursue regis... by altairprime on Monday February 14, 2022 @02:55PM (#30337380)

Note that Tether moving to the Caymans inspired the UK finregs to investigate the UK accounting company that’s now running Tether’s books, so I wouldn’t consider the Caymans to be a successful escape yet: https://www.ft.com/content/e86f8d72-918c-4a80-a4bf-de3110316...

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Re:Blockfi agrees to pay $100M in penalties and pursue regis... by numtel on Monday February 14, 2022 @06:00PM (#30339623)

Well, there is Nexo which is basically the same but headquartered in Bulgaria.

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