That's totally normal for the crypto industry...
-
-
-
I never heard of Gemini or Coinbase playing cat and mouse games with banks.
-
Even the Best Actors with full compliance programs and a good reputation lose bank accounts for random reasons. Banks love to de-risk on a whim, and "crypto business" is first on that firing line.
-
And why wouldn’t they when the community defends obvious scams like Tether?
-
In Brazil they closed the largest Bitcoin exchange's accounts for no reason and courts ruled in favor of banks. All they said was it was 'too risky' to keep the accounts open.https://crypto.bi/tape/blog/brazil-banks/ …
-
Perhaps, but the two are not mutually exclusive. Just because Brazillian courts are paranoid of bad actors in the crypto scene, doesn't mean that
@bitfinex and@Tether_to are not bad actors manipulating the market Because they are. -
Crypto must regulate itself via algorithms, decentralized strategies and the collective decisions of The People. As long as everyone uses Tether and centralized exchanges and agree with the system as it is there's nothing we can do.
- 2 more replies
New conversation -
-
-
Once blacklisted by one bank it typically spreads to others when they run due diligence. Even bad press makes a bank say no thanks or close an account. Tether needs to start fresh
-
They can't.
-
They can but can’t have their names associated with it
End of conversation
New conversation -
-
-
Several banks you mean. Having worked for a few, there's only a few reasons they close you down.. Criminal activity, going consistently over agreed limits, being insolvent, high risk category, suspect directors or failure to provide audited accounts
-
Bitcoin is high risk. In france you have your account closed by transacting with Kraken. A nightmare for entrepreneurs there.
-
France is a total nightmare
End of conversation
New conversation -
-
-
It'll be fixed by tomorrow.
https://medium.com/bitfinex/fiat-deposit-update-october-15th-2018-18ddd276c3fd … -
As usual they do not address the real concern which is proof of actual USD deposits of the same amount as the outstanding USDT balance. If they could prove it they would have by now.
-
We will never see an audit on Tether but rather see the shit hitting the fan. Someday with some popcorn.
End of conversation
New conversation -
-
-
I believe you work for a big whale who you just made millions buying cheap tether.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
mt gox 2.0
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.