There is a small possibility that your balance will be frozen,

Of course
very small 






Tether is not a crypto money service business.
That said, the point is, if someone want to avoid risks... better stay away from un-regulated.
Imo

SEC Expected To Deny Spot Ether ETFs In May, Consensys Sues Over 'Security' Status


According to four people who participated, recent meetings between issuers and the SEC have been one-sided and agency staff have not discussed substantive details about the proposed products.

That is in contrast to the intensive and detailed discussions between issuers and the agency in the weeks before its landmark approval of spot bitcoin ETFs in January, said the people who declined to be identified because the talks are private.

As CoinTelegraph reports, before the historic approval, the SEC rejected spot BTC ETF filings for over a decade.
It only changed its stance after Grayscale Investments won a court victory against the securities regulator in August 2023.

...

Balchunas also mentioned that SEC Chair Gary Gensler’s stance on Ether could also impact the decision process as he has refused to give clarity on whether Ether was a security.

We have detailed the furore over the classification of Ether as a security (or not) a number of times, but today saw the situation escalated as Consensys, a major backer of the Ethereum blockchain, filed a lawsuit against the agency in Texas federal court, asking the court, among other things, to resolve one of the biggest legal uncertainties hanging over the crypto industry by stating that Ethereum’s digital token, Ether, is not a security.

Fortune's Jeff John Roberts reports that in its 34-page legal filing, Consensys uses dramatic language to argue that the SEC’s efforts to exert jurisdiction over Ethereum is both illegal and a threat to blockchain technology more broadly.

“The SEC’s unlawful seizure of authority over ETH would spell disaster for the Ethereum network, and for Consensys. Every holder of ETH, including Consensys, would fear violating the securities laws if he or she were to transfer ETH on the network,” the complaint states.
“This would bring use of the Ethereum blockchain in the United States to a halt, crippling one of the internet’s greatest innovations.”


zerohedge.com

Yes I have looked a bit at USDT (very interesting now when transactions can be done on telegram)

Buenos días Daiana

apparently USDT has issues in Canada

Quote from: NikeFit_7777 on March 25, 2024, 10:11:46 AM

By the way Tether was repressed in Canada last year, for example coinbase and others removed the possibility to trade in pairs with USDT. By the way, is there anyone who lives in Canada, how has it affected your trading, since a year is coming up?

It's very scary that Canada prohibits trading USDT, I don't understand where the error lies with USDT in Canada.
Including large markets such as Coinbase which prohibits USDT trading in Canada, perhaps other members have a better understanding of this issue.
Or maybe there are members on altcoinstalks who are originally from Canada, why does this problem occur.

... it's going to have issues in EU

OP you seem to be very knowledgeable about this project. Please let me ask, if you're ever European too, do you know if Kinesis stablecoins will be impacted by the ongoing MiCA regulation?
One of its objectives is to regulate stablecoins in the EU and, in the long term I believe, to favor the digital euro over other $tablecoins. For example, USDT should be banned in the EU from June 30. I wonder whether Europeans will still have access to the services/stablecoins we're talking about in this topic, in the short/medium term.

... their - regulated - competitors are pushing the US authorities to go after them...


Daiana... for those who are trying to avoid risk... USDT currently... is a Russian roulette!
 

I don't suspect they are already tradeable, it'll probably take at least a day or two.

30 April!
 


The first wave of spot Bitcoin and Ether exchange-traded funds (ETFs) have been officially approved to start trading in Hong Kong on April 30.

Unlike the cash-creation model of the United States spot Bitcoin ETFs, Hong Kong aims to offer in-kind creation models for ETFs that enable the creation of new ETF shares by using BTC and ETH.

Hong Kong’s in-kind ETF creation model could be a significant opportunity to considerably increase assets under management (AUM) and trading volume for these products, according to a research note by Bloomberg ETF analyst Rebecca Sin, shared in a March 26 X post by Eric Balchunas:

“Hong Kong is aiming for in-kind creation of the ETF, unlike the US, where the transaction is cash only — in the US, it’s cash in, Bitcoin ETF out, while Hong Kong aims for Bitcoin in, ETF out. This could be an opportunity for the market.”

zerohedge.com

What The Rising Gold Price Signals (Spoiler Alert: Nothing Good)


While commentators have focused on gold’s spectacular price rise, there is an underlying issue that is also taking place.  The record setting gold price is signaling that the present fiat monetary order, which is based on the dollar as the world’s reserve currency, is coming to a financially unpleasant end.

Ever since 1971, when the Nixon Administration closed the “gold window,” refusing to redeem gold for dollars held by foreign central banks, the world has been on a “dollar standard” where bank reserves are held in Greenbacks.

If the Fed continues to print dollars to sustain government spending at this rate, the dollar will continue to lose purchasing power and foreigners will no longer want to hold them.  Foreign central banks will then turn to gold.  In fact, central banks are already increasing their positions in gold which has been a catalyst that has fueled the latest rally.

Not surprisingly, the Fed has not purchased much gold (or is not admitting publicly that it has) since it would be a bad look for the issuer of the world’s reserve currency to be abandoning its own currency for gold.

Besides the severe financial implications if the dollar is dethroned, there will be dramatic geopolitical repercussions from the loss of its hegemony.  Just like the British pound was replaced as the dominant world currency after England insanely exhausted itself in fighting WWII and ending its empire, America will face a similar future when the dollar becomes just another money.  Many will see it as a “blessing” if and when the U.S. Empire comes to an end.

While it would appear logical and morally sound to replace the present crumbling monetary order with one based on gold and silver, a far worse paradigm than even the present one is, no doubt, being planned.

The new system will be one of central bank digital currency (CBDC) which would give governments and bankers the power to monitor and control all aspects of economic and social life.

zerohedge.com

Quote from: Peter90 on April 21, 2024, 04:36:39 PM

~snip~
This is called Leveraging the international section of the forum

I wonder if there are any Chinese people on the forum who could answer that question? Still, it's worth a try - maybe one of the 1.5 billion Chinese will show up and answer

However, in the article linked by @TomPluz, it seems that there is not much doubt about whether (at least for now) Chinese from China will be able to invest in approved crypto ETFs.

Quote

“A lot of people are banking on wealthy Chinese locals, but, officially, you cannot buy this ETF if you're a mainland Chinese investor,” said Eric Balchunas, a senior ETF analyst at Bloomberg. That’s because it must be listed on something called the Stock Connect, which allows Chinese citizens to invest in certain Hong Kong ETFs, and vice versa.
“This will never be available there,” says Balchunas.

... looks like our Chinese forum friends aren't better than us

Quote from: Peter90 on April 22, 2024, 01:49:58 PM

--snip--

Thank you very much for your reply and for all these details.

The project does indeed look solid and serious, looks very interesting. I'll take a little more time to read your dedicated topic, and to check where I can swap KAG without KYC (if it's possible of course).

Audits are reassuring.

I'm looking more for gold/silver stablecoins to diversify my portfolio on the long term (trying being less a BTC/XMR "maxi"); not so much for day-to-day spending, although that is indeed a great idea.

Hi paid
unlike ETFs, Kinesis offer regular audits and they don't require neither storage nor management fees.
The Kinesis card is also an advantage compared to ETF: you can use your gold and silver in order to pay everywhere Mastercard is accepted.


KYC:
Following regulations today is a condition for adoption of any currencies, that means KYC, AML etc.
So in order to open a Kinesis account KYC is needed


... unless of course you opt for the Stand-alone Wallet 

"What is the purpose of the stand-alone wallet:
The purpose of the stand-alone wallet is predominantly aimed at users who are interested in interacting with the Kinesis system and its currencies without having to participate in KYC verification, maintaining complete anonymity.
What are the restrictions of using Kinesis Stand-alone wallet:
The stand-alone wallet can only hold KAU and KAG, not KVTs, or any other cryptocurrency.
Additionally, users who store their Kinesis currencies in the stand-alone wallet are not eligible for any of the various Fee Sharing Yields on offer."

I have no idea how this Stand-alone wallet works...