The US Treasury may impose sanctions against Tether
The US Treasury Department is considering sanctions against the largest stablecoin Tether to check possible links to illegal activities, including terrorist financing and money laundering. The Manhattan Prosecutor's Office is also investigating potential violations of sanctions and antitrust rules.
The U.S. Treasury Department is considering sanctions against Tether, the largest stablecoin, in order to verify its links to potential illegal activities, including drug trafficking, terrorism and money laundering. The Manhattan Prosecutor's Office is also investigating possible violations of sanctions and antitrust rules. The CEO of Tether, in turn, said that there are no signs of an investigation against the company and that the information in the WSJ is nothing more than "old hype."
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