“It’s temporary, Bitfinex is just having issues with banks” Yes, an exchange with billions of dollars allegedly still can’t figure out how to open a bank account and keep it open. Give me a break.
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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.
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And why wouldn’t they when the community defends obvious scams like Tether?
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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/ …
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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.
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I would lean in the direction of agreeing with that statement...however I always fall back on the fact that algorithms/maths are written by people. :) Tether I wouldnt touch with a barge pole... regulation in my mind is more complex. algorithms and law... a tough dough to mix!
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Thousands of crypto investors use Tether. Crypto is democratic, it is what we make of it. It's great that some users raise awareness about the unethical tactics used, but unless The People choose to stop using Tether and some centralized exchanges, nothing will change.
End of conversation
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welcome to crypto! you must be new here
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If the Crypto community wants to lead the world then we have to reject the illegitimate actors and police the scams, not normalize or even embrace them. Asshat Nourini is ignorant of a lot, but there is some truth to his message and we'd do well to listen.
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I agree, lets get rid of BTC first, the coin is slow and expensive
End of conversation
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Really? You should look at why Coinbase haven't been able to have banking in the UK until only last month.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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