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Ah you see they don't actually have any obligation to cash out USDT to USD at all if it would cause them issues. It's right in the contract. For all the talk o
by rtkwe 5y ago
Ah you see they don't actually have any obligation to cash out USDT to USD at all if it would cause them issues. It's right in the contract.
For all the talk of fiat and money printers it's crazy how central USDT is to the crypto markets. I suppose people are willing to overlook a lot to avoid tax exposures...
[0] https://tether.to/en/legal/#:~:text=Tether%20reserves%20the,in%20the%20Reserves https://tether.to/en/legal/#:~:text=Tether%20reserves%20the,....
- gruez 5y ago>I suppose people are willing to overlook a lot to avoid tax exposures... I don't see how that's the case? Doing any sort of trade is a taxable event. The tax is due in the year that the trade was made, not when it hits your bank account.