Concerns Raised Over Tether’s Wallet Freezing Policy

By Mark Hunter

3 hours agoMon Dec 11 2023 10:34:41

Checking out Time: 2 minutes

• Tether has actually broadened its sanctions manage to the secondary market, however its efficiency has actually come in for questioning
• 161 crypto wallets were frozen before the statement, however 93% held no USDT tokens at all
• Tether has actually just recently taken actions to attempt and make itself more certified with sanction laws

Concerns have actually been raised over Tether’s just recently revealed sanctions manage growth, with research study revealing that 93% of the wallets it froze as an outcome held no USDT. Tether presented its brand-new policy over the weekend, which broadened its existing Sanctions controls to the secondary market and saw 161 wallets frozen. The Block reported that 150 of those wallets didn’t include any USDT and some might never ever have.

Tether Wants to Improve the Image of Stablecoins

Tether stated in an article over the weekend that its broadened Sanctions compliance was “created to battle activity gotten in touch with Sanctioned individuals on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List.”

Paolo Ardoino,

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