I must have touched on a nerve.
Conversation
To be fair, your statement about tether allowing traders and exchanges to sidestep the BSA is incorrect. Also, I’m not aware of any fiat-reserve coins that do not KYC at the official points of entry and redemption.
5
1
7
Tether International Limited isn’t registered with FinCen, and while you may have faith that KYC has always been properly performed, it’s hard to buy that when no audit has been performed, no security audits have been performed, and loans were handed out w/o public notice.
2
5
I understand you allow redemptions of USDT for cash, and if I’m correct the only other places to accomplish that are Finex and Tether itself?
Are you confident Finex and Tether have had proper AML/KYC procedures for the past four or five years? Honestly asking, thanks.
1
5
I only spoke about the current state of things to my own knowledge. I don’t know what all happened in the past or what happens that I’m not aware of.
We don’t handle redemptions. We have a few tether trading pairs, like many other exchanges. Clients can trade with each other.
Appreciate you taking the time to answer my questions, Jesse.
1
1
Show replies