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So regulate it then, Tether is shady and isnt backed by USD at all and yet it is used all over the US.
by throwaway69123 5y ago
So regulate it then, Tether is shady and isnt backed by USD at all and yet it is used all over the US.
- dannyw 5y agoTether does its best to live outside of US regulation. It has no US bank accounts, nor do any directors live in extradictable countries.
- baby 5y agoIf they’re holding USDs they are bound to US regulations.
- nl 5y agoWhat is this statement based on? Plenty of sovereign nations (and individuals in those countries) hold reserves of USD and the US has no authority over them.
- baby 5y agoYou’re right. I thought these would apply internationally but it seems like it’s only if one of the party is a US citizen: https://www.jdsupra.com/post/contentViewerEmbed.aspx?fid=f66d4fe6-e3b4-4be0-91f7-a065cfadeee8 https://www.jdsupra.com/post/contentViewerEmbed.aspx?fid=f66... At least for ofac