There's very good reason to do a lot of KYC and set limits on people who want to get USD for their USDT. The last person who tried to operate such a business was locked up in a US prison for nearly a decade. Good motivation to not deal with retail customers and the slow burn US justice system don't you think?
What you want to happen to void this criticism would get the Tether execs put in prison. Though I guess that's what some people here secretly want anyway.
> What you want to happen to void this criticism would get the Tether execs put in prison. Though I guess that's what some people here secretly want anyway.
I mean, it's not like they have, multiple times, lied to people about their financial backing, actively messed around with KYC and AML laws, and have had multiple judgments open against them, or their affiliations with other entities like Bitfinex, when they really were one and the same.
https://trade.kraken.com/charts/KRAKEN:USDT-USD
There's very good reason to do a lot of KYC and set limits on people who want to get USD for their USDT. The last person who tried to operate such a business was locked up in a US prison for nearly a decade. Good motivation to not deal with retail customers and the slow burn US justice system don't you think?
https://www.nytimes.com/2012/10/25/us/liberty-dollar-creator...
What you want to happen to void this criticism would get the Tether execs put in prison. Though I guess that's what some people here secretly want anyway.