That makes it clear that Bitfinex is still blacklisted across the banking system.
It doesn't do anything of the sort. Are Coinfloor blacklisted across the banking system because they bank in Poland rather than the UK? They choose to bank where the regulators are easiest to work with.
Technically no. But if you think a tiny bank can start processing massive volumes of USD wires for a cryptocurrency exchange out of nowhere without drawing regulatory attention, I think you should reconsider.
I have reconsidered and I still see no relevance to the size of the bank and the transaction volume.
That's an odd way of putting it. They made it very clear that they couldn't make any guarantees on Tether's ability to pay its obligations.
They made clear the limitations of what they did but were also happy to publically say that the funds were there, which is what they were asked to verify.
How long is that line supposed to hold up? They've been saying that since last year. You just going to trust them forever?
Until I see something more substantial than I have so far from anyone claiming there is an issue. The vast majority of it is based on misrepresenting facts, innuendo and hypothesis.
Like I said, I think they have the money. I also think they have no realistic way of paying it out at scale without serious risk of seizure. Anyone who played online poker from the US post-Black Friday knows how this works.
There is a good reason they have cut off all US-based customers and that is that the US represents the only serious legal threat to any foreign-based Crypto business.
Any suggestion to the contrary is uninformed and baseless.
This just seems like a really unnecessary and unprofessional way to cap off a non-announcement. When is the last time Tether said something substantive since they lost their ability to redeem Tethers 8 months ago?
It seems quite restrained considering the amount of unsubstantiated FUD that people are happy to repeat ad nauseum.
