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.
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Most traders don't buy tethers directly from Tether. They normally obtain tethers from a middle person, such as an exchange or OTC desk.
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Most traders don’t buy bitcoin directly from miners either. The BSA applies to those subject to its jurisdiction whether people acknowledge it or not. Some might incorrectly assume a free pass. Not all transactions globally require KYC and the BSA is about more than just KYC.

