I had somehow missed this exciting development in cryptocurrency space: https://medium.com/@bitfinexed/the-curious-tale-of-tethers-6b0031eead87 …
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But yeah: remember how concerns about Gox USD liabilities ever being satisfied lead to "buy the Bitcoin and extract ASAP"? And price run-up?
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"We have seen this movie before, and it ends badly.", to quote my favorite bank memo ever. (Coincidentally, about ineffective AML controls.)
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