Topic

Money transmitter licensing

US federal registration and state licensing rules for businesses that move money on behalf of others.

Current clusters

invest2 publishers

US bank accounts held $83 million of the $84.2 million DOJ seeks from a Tether-linked processor

DOJ is seeking $84.2 million from Tether-linked processor Capstone, almost all of it held in Wells Fargo and JPMorgan accounts with just $1.1 million in USDT. The Dominica bank behind Capstone says losing the funds could liquidate it, while Tether puts its exposure under 0.034% of assets.

Publishers:cryptopolitan.comdecrypt.co

Reality

Evidence55
Adoption: Insufficient
Hype gap+10
Incentives60
Confidence60

invest1 publisher

US freeze on Tether-linked payments firm Capstone locks up 80% of EQIBank's money

US prosecutors froze $84.2 million held by Capstone, a payments group that people familiar with the case say paid out for Tether and Bitfinex. EQIBank, the Dominica bank between them, says the freeze locked up most of its money, and a judge has turned down its first bid to get it back.

Publishers:cryptopolitan.com

Reality

Evidence58
Adoption: Insufficient
Hype gap+15
Incentives62
Confidence52