The Hindenburg allegations drive home the deep conflict of interest inherent to this dynamic. Whether or not it was a conscious, deliberate strategy on the part of Cash App, using the app for illicit transactions did, in whatever small way, feed into its bottom line. This is even more obvious and direct when banks cater to criminal customers.
Binance Lawsuit Could Be ‘Huge Mistake’ or Bring Needed Clarity to U.S. Crypto Industry
Similarly, Valerii Brizhatiuk, co-founder of Swisstronik, an identity-based L1, said that “players such as Binance have a wide range of...