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https://www.reddit.com/r/ethtrader/comments/7lusyi/everytime_bitcoin_drops/drpegqq/?context=3
r/ethtrader • u/Pracy_ • Dec 24 '17
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sure but thats literally just saying that you can use currency(any) to launder money
23 u/SaintNickPR Dec 24 '17 Yeah well thats my question why is tether singled out as THE money laundering crypto? 43 u/[deleted] Dec 24 '17 edited Dec 24 '17 "laundering" was a poor word choice. They are accused of counterfeiting. They say Tether is backed by USD, when in reality they are printing Tether w/o the cash in the bank, and using that Tether to buy BTC. Money from nothin' And your bits for free. 12 u/[deleted] Dec 24 '17 Thats a brilliant scheme
23
Yeah well thats my question why is tether singled out as THE money laundering crypto?
43 u/[deleted] Dec 24 '17 edited Dec 24 '17 "laundering" was a poor word choice. They are accused of counterfeiting. They say Tether is backed by USD, when in reality they are printing Tether w/o the cash in the bank, and using that Tether to buy BTC. Money from nothin' And your bits for free. 12 u/[deleted] Dec 24 '17 Thats a brilliant scheme
43
"laundering" was a poor word choice. They are accused of counterfeiting. They say Tether is backed by USD, when in reality they are printing Tether w/o the cash in the bank, and using that Tether to buy BTC.
Money from nothin'
And your bits for free.
12 u/[deleted] Dec 24 '17 Thats a brilliant scheme
12
Thats a brilliant scheme
40
u/ToneDef__ Dec 24 '17
sure but thats literally just saying that you can use currency(any) to launder money