There have been some interesting developments in the world of cryptocurrency which shouldn’t go by unnoticed. When the Paradise Papers were released, people initially assumed this would mean big things for cryptocurrency. While it is certainly true this was damning evidence in regards to traditional finance, things are not black and white either. In fact, one very prominent person in cryptocurrency was exposed in the Paradise Papers, which is rather worrisome.
Tether and Bitfinex Get Scrutinized
It is not entirely surprising to see the Paradise Papers expose some potentially malicious activity in the world of cryptocurrency. Nor is it a big surprise to see Bitfinex and Tether-related individuals’ names in regards to what has been going on behind the scenes. In fact, it seems Tether was initially created back in 2014, well before it was even conceived as a digital currency-related project. That’s interesting, especially considering this company is registered in the British Virgin Islands. That location was not chosen