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This part...THIS PART:
This sounds impressive until you compare it with the compliance work done by conventional financial institutions. A major bank such as HSBC employs thousands of compliance officers, a total several times larger than Tether’s entire workforce. Tether brings in 40m new customers every quarter, and there is simply no way that 20 or 30 investigators could check all these customers’ bona fides. “Tether talks a good game,” said one crypto analyst. “But their actions don’t mirror that in my experience. The vast majority of illicit activity and crypto assets have switched to Tether in recent years.”
So, let me see, the writer uses HSBC as an example. For those who want to understand this, please check how much this bank is related to drugs cartels and dead people. To audit USDT, you have on-chain analysis, you're exposed as fuck. And besides, do you know how much is the participation? Look:
Sweet Lord, the hipocrisy is high.