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Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Paglamon on February 28, 2021, 03:04:24 PM

Title: Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions
Post by: Paglamon on February 28, 2021, 03:04:24 PM

Though the Tether settlement may help bring in more transparency, experts believe that state-centric bans may not be the way out.

A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting the degree to which its Tether (USDT) reserves were backed by fiat collateral.
 source and more information

 (https://cointelegraph.com/news/transparent-stablecoins-conclusion-of-tether-vs-nyag-raises-new-questions)

Title: Re: Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions
Post by: Malam90 on March 01, 2021, 04:22:03 PM

Same topic already posted, so later topic has been locked to avoid multi topic discussion for same matter.