Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
https://tether.to/tether-responds-to-bloomberg-article/
Quote
Today, Bloomberg published an article based on unnamed sources and years-old allegations, patently designed to generate clicks. This article follows a pattern of repackaging stale claims as “news.” The continued efforts to discredit Tether will not change our determination to remain leaders in the community.
Tether routinely has open dialogue with law enforcement agencies, including the U.S. Department of Justice, as part of our commitment to cooperation, transparency, and accountability. We are proud of our role as industry leaders in promoting cooperation between industry and government authorities in the U.S. and around the world. We remain committed to our customers and the industry-leading technology and transparency that has led to our growth.
It is business as usual at Tether, and we remain focused on how to best serve the needs of our customers.
Tether routinely has open dialogue with law enforcement agencies, including the U.S. Department of Justice, as part of our commitment to cooperation, transparency, and accountability. We are proud of our role as industry leaders in promoting cooperation between industry and government authorities in the U.S. and around the world. We remain committed to our customers and the industry-leading technology and transparency that has led to our growth.
It is business as usual at Tether, and we remain focused on how to best serve the needs of our customers.
For sure, people wanting to jump on the Tether bashing bandwagon whenever they get a chance, even bitcoiners who should know better than to blanketly consider Tether as if it were some kind of meaningful "bad guy" in this whole situation.
Tether remains the oldest of the stable coins, and sure there are a lot of imitators who are trying to be more compliant with various Government regulators - but probably tether would be more likely to stand up for the ideals of bitcoin and NOT throw bitcoiners under the bus, same with Bitmex and even Binance (yes, I know that Binance has a lot of shitcoin products and also allow pretty outrageous leveraging/margin trading products).. there are desires to vilify these entities and to try to get compliance and to fall in line in order to attempt to create inroads to BTC.. which remains a very difficult thing for various governments and also status quo financial institutions that are seeking to employ more subtle misinformation campaigns and to cause confusion amongst bitcoiners in a variety of ways... when and if possible.