[Britannia Acquires The Business Of Tether's Banking Partner Deltec Bank] According To Protos, Deltec Bank And Trust Has Sold Its Business Line To Britannia Bank And Trust; Both Banks Have Served Tether And Operate In The Bahamas. Britannia Chairman Julian Francis Said That The Company Did Not Acquire Deltec, But Only Acquired The Business Line Of Deltec Bank. Deltec Bank CEO Odetta Morton Has Repeatedly Pointed Out That She Believes This "will Pave The Best Way To Continue To Provide First-class Services, Technology And Access To Global Markets." Deltec Bank Was Once One Of The Most Important Banks In The Crypto Ecosystem. After Most Banks Refused To Do Business, It Provided Tether With A Connection To The Banking System And Also Provided Convenient Services To Many Other Cryptocurrency Entities. In Fact, It Was Deltec's Executives And Leadership Who Partnered With FTX And Alameda Research To Acquire Farmington State Bank In Washington State (later Renamed Moonstone). It Is Also Said That Deltec Provided Alameda Research With A Large Credit Line To Facilitate Its Tether Arbitrage Transactions. Tether Has Also Been Working With Britannia For Years, And Both DigiFinex Shareholders And Britannia Financial Group Are Major Conservative Party Donors In The UK. Britannia Financial Group’s Founding Chairman, Julio Herrerra Velutini, Was Charged With Bribery In Puerto Rico And Has Since Resigned From The Company