Quote from: franky1 on June 20, 2018, 06:18:17 PM

Quote from: Kprawn on June 20, 2018, 04:19:52 PM

I think the other thing that also pumped the price a little was the announcement that Tether can prove that every Tether are
fully backed by USD reserves. Source//: https://tether.to/fss-report-transparency-update/ This might have soothed some
investors nerves and this might spark a new round of investments in all Crypto currencies, including Bitcoin. The BitLicense
impact will take some time, before it is reflected in the price. Wink

they shows a law firm

Quote

Tethers anti-money laundering (AML), Bank Secrecy Act, and Office of Foreign Assets Control Program;
Tethers AML/Anti-Terrorist Financing Risk Advisory Report from 2018;
Extensive documentation on Tethers account registration process and procedures and its AML system and compliance policies;
An unredacted consulting report issued by a professional services firm retained by Tether;
Complete account opening paperwork and materials concerning Tethers accounts with its banks;
Tethers banking policy, banking access policy, and internal controls, including as they relate to the issuance of new Tethers;
Financial information related to Tether;
Tethers registration as a money services business with and under the Financial Crimes Enforcement Network;
Documentation and materials with respect to Tethers personnel and its corporate structure; and
Materials concerning the number of issued and outstanding Tethers, both historically and currently.

.. just friggen show a bank statement with balance
P.S just like circle is doing.. and like paypal done.. whenever offering a custodial service to hold funds as a balance measured 1:1 as dollar. you need a friggen bankers licence not a a money service business licence.

in short tether is still schemy and scammy but goes all out to throw hundreds of different documents at a law firm to look innocent but not show 1 single piece of paper with a bank balance into the open transparent public arena called the internet

No kidding huh? Hard to believe a crypto with that much dominance and presence in the field, can't submit an audit. It seems highly shady to me and because of that I haven't used them as a reserve currency despite the fact they are "stable". If you are so stable, show your hand please.