You're assuming the severity of this news would not cause Tether to devalue while BTC holders exit into real USD or fiat instead of Tether.
a) Chase Manhattan Bank in New York City ( USD )
b) National Westminster Bank in London ( GBP )
c) HSBC ( Paris ), account in Euros.
The wire must show up live in 72 business hours and post to the account within 72 * 2 hours.
It may not be overnight, and there may be additional fees, but it’s not going to take 100’s of days to move $1M unless you aren’t trying very hard.
(a) i am already a customer and they have verified that I'm me.
(b) i have completed all needed forms before
(c) i have followed the authorization protocol, including verification via control phone number registered with the bank and controlled authorization code
Same goes for any brokerage.
You are correct, but even banks and brokerages have limits (AFAIK) that they can invoke as needed.
Those soft-caps are significantly above $10k/daily, however.
My main point was with Coinbase you can do the required prework to request the higher daily limits and receive similar service, but you need to think about it in advance vs. having it automatically in place.
Not sure how this works for non dutch citizens. Presumably a dutch bank-account suffices. They don't seem to be an exchange though. Instead they are essentially market making, keeping their own supply. You don't have an account there. Instead, when selling they present you an address to send to, and when buying you give them the address to send to, Moving 500 BTC there in a single trade would probably exhaust their supply. At the moment they report 250BTC+, I've seen ~150BTC the last few times I checked.
Still, it seems to be an actual functional on/off ramp for BTC - EUR.
Second time, though, no problem. Less than 72 hours.