Drop in the bucket compared to what HSBC alone (continues) to launder [1]. In fact, I'll go out on a limb and suggest the banks may have advised the use of Tether<p>[1] <a href="https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/" rel="nofollow">https://www.icij.org/investigations/fincen-files/hsbc-moved-...</a>
Why would it be sold cheaper in Mexico when you can go on a dex and trade it for any number of tokens and cash it out. This just doesn’t make sense and im not signing up to read their stupid articles.<p>Likely this will be upvoted here though because it paints crypto in a negative light. Enjoy HN.
This is basically true of any useful means of exchanging currencies or value. Far, far, more mexican drug trafficker laundering has been, and is being done, at places like Wells Fargo.
So? The US dollar has funded terrorism in the Middle East for decades and we don't see the Feds becoming concerned about the way this currency works.