Part 6/10:
Moreover, its practices echo some of the early financial strategies employed by BCCI, where the rhetoric of aiding the unbanked translated into actions that enabled the seizure of funds on behalf of the U.S. Treasury. In the backdrop of ongoing discussions around Central Bank Digital Currencies (CBDCs), the concerns surrounding Tether are amplified. These digital currencies raise alarms about surveillance, programmability, and the potential for abuse similar to the historical practices seen in places like the IMF and World Bank.