USDT/Tether Comes Under Further Scrutiny

As stated in a recent post. There is a bill in California that would allow Cannabis businesses to pay their state taxes in stable coins. A move that would go a long way towards mass adoption. The issue as this adoption approaches, attention will turn to the cryptocurrency space. NY Attorney General Letitia James said in a statement: “Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds”. So what does … Continue reading USDT/Tether Comes Under Further Scrutiny