A fun paragraph in that fun document about a fun series of legal proceedings.pic.twitter.com/uW7TI1dNLb
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A fun paragraph in that fun document about a fun series of legal proceedings.pic.twitter.com/uW7TI1dNLb
(The engineer and business owner in me note that there are ways for one to have data "at your fingertips" and still have the production of that data be ruinously expensive or disruptive, but pragmatically speaking, you can't sit at the adults' table and say Compliance Is Hard.)
Isn't the worst outcome here the death of their US business? Bitfinex is hq'd in HK, and most Tether volume is Chinese. They also don't seem to care about full collateralisation. Not clear how even worst-case for BitFinex in US courts has any implication for Bitcoin TBH.
When you are thinking of "Worst possible things that a US court could do to a financial institution", do you think that the blast radius for those things necessarily does not implicate their contras?
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