Bitcoin is global, you can't stop others from other nations to keep your laws, if a person is manipulating Bitcoin prices. Instead they may try to force their citizens to do what they want. This is becoming more common. The governments of the world, including the west, are using laws to tell the citizens what to do and what not to do, in the disguise of doing what's best for you.
Any where in the world, in a open jurisdiction can use the Bitfinex/Tether methods, to keep lifting up Bitcoins, same time, weakening fiats. Instead of Tether they can use any fiat currencies that is not as strong but the trader have access to keep printing. Thus a weak currency, can be converted into a stronger Bitcoin currency. Or the strong currency such as USD or Euro can erases their huge deficits or lack of buyers for their Tbonds by putting it into Bitcoins or other Crypto.
Someday these fiats of the world, will come to a judgement day. Nobody will buy their trillions of Tbonds, to cover their unconditional printing or money. Basically, the world will go into default. If you don't believe me, go to youtube, look at DW documentary on how the rich get richer. They will tell you, it can't keep pumping out fiat currency, without eventual collapse or a default. So even the so-called strong currency, will fail eventually. There should be a future fiat currency war or fiat disaster.
It's true capitalism. There is no one trying to close the market for day off. If one market pauses, another some place in the world can stay open. This is what I call real capitalism and not controlled by governments or so called economic experts as they do with Wall Street.
**Disclosure This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.