Tether Says Didn’t Freeze Sanctioned Tornado Cash Addresses So As to Not Interfere in Investigations

Tether says that it works closely with global law enforcement agencies to ensure it is compliant, but at this stage has not received any indication from the OFAC or any other relevant agency that it should freeze any secondary market addresses. "Unilaterally freezing secondary market addresses could be a highly disruptive and reckless move by Tether," the firm said in a statement, adding "completing a freeze without the verified instruction of law enforcement and other government agencies might interfere with ongoing and sophisticated law enforcement investigations."
Source

Tether

Stablecoins

Related News
Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
Wall Street back-office giant DTCC mulls stablecoin integration: report Wall Street back-office giant DTCC mulls stablecoin integration: report
Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act
Circle secures in-principle approval to operate as money services provider in Abu Dhabi Circle secures in-principle approval to operate as money services provider in Abu Dhabi
Mastercard moves to integrate stablecoins into global payments network Mastercard moves to integrate stablecoins into global payments network
Latest News More More
1 Day Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
4 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
June 30 Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open