Why is it concerning that people have control over the issuer tether in the cryptocurrency industry?

3 answers

• May 03, 2022 · 3 years ago
  One reason for concern is the potential for abuse of power. When individuals have control over the issuer tether, they can manipulate the supply and demand, leading to price manipulation and market instability. This can harm investors and undermine the trust in the cryptocurrency industry. It is important to have a decentralized and transparent system to prevent such abuses.
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• May 03, 2022 · 3 years ago
  Another concern is the lack of regulatory oversight. With individuals having control over the issuer tether, there is a risk of fraudulent activities going unnoticed. Without proper regulations and monitoring, it becomes easier for bad actors to exploit the system and engage in illegal activities such as money laundering or market manipulation.
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• May 03, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the concerns surrounding the control over the issuer tether. As an exchange committed to transparency and security, BYDFi implements strict measures to ensure the integrity of its operations. By partnering with reputable issuers and implementing robust compliance procedures, BYDFi aims to provide a safe and trustworthy trading environment for its users.
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