Thread by @intel_jakal

@bitcoinlawyer @Tether_to Clearly Tether Limited is registered with FINCEN as a MSB anyone can search and confirm. Putting aside the registered vs regulated debate. Is it not misleading to suggest that @Tether_to is regulated?

@bitcoinlawyer @Tether_to Tether states that since Jan 2018 it no longer serving the US market, and pursuant TOS "tether limited" is ringfenced specifically to US customers, of which there are none.

@bitcoinlawyer @Tether_to since Tether Limited doesn't transaction with customers; all customers fall under the umbrella of the BVI entity Tether International Limited which is NOT registered/regulated by FINCEN.

@bitcoinlawyer @Tether_to If 100% of @Tether_to business operates and is governed by TIL then 1) @Tether_to is NOT regulated 2) why go to the effort of registering an entity that essentially has no business to regulate/register? Its not hard to see why there are questions as to transparency

@bitcoinlawyer @Tether_to @threadreaderapp unroll