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TechScape: How Musk and crypto bros get away with it

21 May 2022 By theguardian

TechScape: How Musk and crypto bros get away with it

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But, of course, Tether is not a bank. Tether is not regulated like a bank; it does not have to comply with reserve ratios like a bank, nor obey anti-money-laundering regulations like a bank. It can get away with stuff a normal bank simply could not begin to risk.

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