• Fake Tethers under fake bitcoins.
    Bitcoin,  Tether,  United States

    Tether gets ‘Real’ chief compliance officer

    Tether makes interesting choice to make sure it’s following the law

    Embattled “stable coin” issuer Tether has finally gotten a chief compliance officer. The British Virgin Island-based company announced on Thursday that Leonardo Real will be responsible for making sure Tether is following regulations. Real was previously quality control manager at Bank of Montreal’s anti-money laundering office. Tether, along with its sister company, Bitfinex, were subpoenaed by the Commodity Futures Trading Commission in December 2017. Real is an interesting choice for Tether. A middle manager at BMO, he was an occasional contributor to ACAMS Today. For those not in the know (which is probably most people), it’s the magazine for the Association of Certified Anti-Money Laundering Specialists. With two more senior…