Tether USDt

<ul><li>CEO of Cake DeFi revealed the alleged ToS changes, causing concern and confusion in the cryptocurrency community.</li><li>Tether&#39;s CTO countered the claims by stating that the policy change had actually been in effect since 2020.</li><li>It raises questions about transparency and communication in the crypto space, as investors seek clarity on Tether&#39;s policies.</li></ul>The stablecoin issuer, Tether, entered the fray, sending ripples of concern and confusion when Dr Julian Hosp, the CEO and Co-Founder of Cake DeFi, tweeted an email exchange revealing that Tether had allegedly changed its terms of service (ToS) in Singapore. Tether CTO Paolo Ardoino, on the other hand, stated that the policy change in question has been in effect since 2020.Due to a recent change in Tether&#39;s Terms of Service, Hosp expressed his concern about the uncertainty of redeeming USDT for USD in Singapore. He used the image below in his <a href="https://twitter.com/julianhosp/status/1706211575030268248" rel="noopener noreferrer nofollow">tweet</a>:The significant revisions to Tether&#39;s Terms of Service (ToS) involve imposing stricter onboarding criteria, with a specific provision stating that &#34;corporate entities controlled by external entities, as well as directors and shareholders residing in Singapore, are no longer eligible to become Tether clients.&#34;This stipulation, particularly the term &#34;controlled by another entity,&#34; created confusion within the cryptocurrency community. For instance, Cake DeFi received notice that it fell under the category of &#34;controlled by another corporation in Singapore,&#34; thereby rendering it ineligible for issuance or redemption on the platform.Read full article at <a href="https://cryptotale.org/tethers-singapore-tos-update-sparks-cryptocurrency-debate/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Tether's Singapore ToS Update Sparks Cryptocurrency Debate

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