Tether Challenges UN Accusations
In a recent blog post, Tether addressed the United Nations’ report, underscoring its active collaboration with international law enforcement bodies.
On this page
In a recent blog post, Tether addressed the United Nations' report, underscoring its active collaboration with international law enforcement bodies.
The USDT issuer has noted that its monitoring systems surpass those of traditional banking, which “for decades have been the vessel for laundering substantial sums.”
Additionally, Tether emphasized its recent proactive measures in the fight against the illicit use of digital currencies. The company has frozen assets exceeding $300 million in recent months, showcasing its dedication to curtailing crypto-related crimes.
“Rather than focusing solely on risks the UN should also discuss how centralized stablecoins can improve anti-financial crime efforts,” the blog reads.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
