Long-Time Critic Explains Why Bitfinex is Unable to Work With Banks7.36

Bitfinex’ed, a long-time critic of Bitfinex and Tether LLC, a company that oversees the development of stablecoin Tether (USDT), has stated in an interview with Modern Consensus that the “pretend KYC/AML” system of Bitfinex is preventing the exchange from obtaining banking services.

For years, from the shutdown of the exchange’s Wells Fargo bank accounts to its troubles with Taiwanese banks, a relatively large portion of the community was convinced the denial of banking services towards Bitfinex was caused by the firm’s dependence on USDT.

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