few thoughts about the Bitfinex/Tether (B/T) meltdown: a/ for a self proclaimed good citizen respectful of the law, why would B/T not seek regulation? it would surely have helped to be regulated, all other things being constant. b/ some say B/T was pushed to be a riskier endeavor by regulators’ actions. maybe, but B/T had to believe its actions would produce higher returns. else, why continue on that path? c/ there is always a physical paper trail, even in cryptoland. d/ large money movements attract bad actors (money laundering). that is why AML/KYC requirements & laws exist, however imperfect they are. not enforcing those make you a target and/or complicit. e/ offshore money centers still exist & service providers willing to break the law still thrive in these centers. sadly. f/ regulated or not, entities that handle money attract bad actors. fraud by regulated entities should not be used as an excuse by crypto pundits, but rather as the perfect example for more adequate regulation in crypto. g/ transparency & governance are always key for any business endeavor. without either or both or a weak inter-relation between both, bad things are bound to happen. h/ banking is deceptively hard & there are very good reasons why banking activities are regulated. …see more