What currency does Tether belong to? (Which country does Tether belong to?)
What currency does Tether belong to? According to the latest data from Coinmarke
What currency does Tether belong to? According to the latest data from Coinmarketcap, Tether belongs to the United States. According to relevant information, Tether is a cryptocurrency issued by an American company on the Ethereum network. Currently, all transactions on this platform are conducted using Tether, and there are no other digital assets available for payment.
In October 2017, Tether officially started accepting Bitcoin for settlements. Since then, as the price of Bitcoin continued to rise, its market value has surpassed the stocks and bonds of all major banks worldwide.
Which country does Tether belong to?
According to Cryptovest, which country does Tether belong to? Tether was launched in 2017, but it is now classified as a “security” by the U.S. regulatory agency SEC because it is a stablecoin based on the Ethereum blockchain network. On February 4, 2019, the Financial Crimes Enforcement Network (FinCEN) of the United States issued a statement regarding the positions of Bitfinex (Tether) and Circle. Although these companies do not admit or deny violating the Bank Secrecy Act, they consider cryptocurrency assets not to be securities. Instead, they choose to comply with the law and provide services, including digital currency transactions to customers.
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