> Tether has, in the words of Bitfinex CFO Giancarlo Devasini, “banked like criminals.”
And no wonder.
When the entire incumbent financial system is designed to treat innovation and disruption like a virus, the only way to make it through is to bend the rules.
The financial industry is, by virtue of being the richest, the most entrenched money skimming operation ever devised by man.
No way ever will they let newcomers, however nimble and innovative (and good for the end customer) grab a slice of the pie.
And of course, the usual "think of the children" (aka KYC and AML) argument will be used, along with every other propaganda tool available to smash the irritating newcomer into oblivion.
And no wonder.
When the entire incumbent financial system is designed to treat innovation and disruption like a virus, the only way to make it through is to bend the rules.
The financial industry is, by virtue of being the richest, the most entrenched money skimming operation ever devised by man.
No way ever will they let newcomers, however nimble and innovative (and good for the end customer) grab a slice of the pie.
And of course, the usual "think of the children" (aka KYC and AML) argument will be used, along with every other propaganda tool available to smash the irritating newcomer into oblivion.