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Luckily they can run the whole scheme from Elbonia, and people are more than happy to send over cryptos from the US.
by nikanj 5y ago
Luckily they can run the whole scheme from Elbonia, and people are more than happy to send over cryptos from the US.
- numtel 5y agoWell, there is Nexo which is basically the same but headquartered in Bulgaria.
- cuteboy19 5y agoThat's almost exactly how Tether (USDT) works. Except instead of Elbonia we have the Caymans
- altairprime 5y agoNote 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-de3110316076 https://www.ft.com/content/e86f8d72-918c-4a80-a4bf-de3110316...