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While I think you're absolutely right in general, there are a few exchanges that are registered as serious financial institutions, which means they need to foll
by MatekCopatek 9y ago
While I think you're absolutely right in general, there are a few exchanges that are registered as serious financial institutions, which means they need to follow stricter regulation and actually back 100% of their user's assets. As far as I know at least Coinbase and Bitstamp are among these.
- ceejayoz 9y agoYes, and to my knowledge the legit folks like Coinbase aren't using Tether. They're using actual USD. They'll still likely get hurt when the scam collapses, but nowhere near as much.
- deleted 9y ago[deleted]