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RE: Bitfinex + Tether = Cryptocurrency Crash?

in #bitfinex7 years ago

You could be right regarding Tether... I never liked this product neither because of the counterparty risk. BUT:

Banning US Customers is normal business practice all over the world in financial products. US Customers cannot even open a bank account anywhere in the world anymore because of harsh regulations.

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Interesting I did not realize how common it is to be banned as a US customer probably because I use mostly US banks and exchanges!

Yeah, your government is a pain in everyone's ass in that regard. Even for completely non-crypto related investments, in Europe at least, you somethings have to sign things stating that you are not born in, resident in or holder of a US passport.

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