Stablecoin

United

Read

<p class="is-style-lead">In an Oct. 16 post from Tether, the stablecoin issuer confirms it has frozen 32 addresses linked to illicit activity in Israel and Ukraine.</p> 
<p>These addresses are said to hold $873,118 worth of the Tether stablecoin.</p> 
<h2 class="wp-block-heading" id="crypto-transactions-are-transparent">Crypto transactions are transparent</h2> 
<p>The&nbsp;<a href="https://tether.to/en/tether-freezes-32-addresses-linked-to-terrorism-and-warfare-in-israel-and-ukraine/" target="_blank" rel="noreferrer noopener">report</a>&nbsp;also shares that the company is working with the National Bureau for Counter Terror Financing in Israel to continue countering crypto-funded terrorism and warfare.</p> 
<p>Newly appointed Tether CEO Paolo Ardoino emphasized the transparency of cryptocurrency transactions on blockchain platforms, enabling Tether to play an integral role in preventing the use of USDT for terrorist funding.</p> 
<p> You might also like: <a href="https://crypto.news/stablecoin-issuer-tether-appoints-paolo-ardoino-as-new-ceo/"> Stablecoin issuer Tether appoints Paolo Ardoino as new CEO </a> </p> 
<p>Ardoino stated, “Contrary to popular belief, cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets.”</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Myth: Cryptocurrency Enables Criminal Activity - Coinbase Crypto University" width="1020" height="574" src="https://www.youtube.com/embed/eIhK1Otd4ps?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>The narrative that cryptocurrencies enable criminal activity has been a common one among skeptics; however, other major players like Coinbase, one of the world’s largest exchanges, have also gone on to debunk this message.&nbsp;</p> 
<h2 class="wp-block-heading" id="working-with-agencies">Working with agencies</h2> 
<p>Tether has cooperated with 31 agencies across 19 jurisdictions, assisting in investigations and freezing approximately $835 million in assets, primarily linked to theft, including blockchain and exchange hacks, with a smaller portion associated with other criminal activities.&nbsp;</p> 
<p>The countries Tether has collaborated with in this endeavor span Brazil, Singapore, Philippines, Germany, South Korea, Norway, Poland, Switzerland, Greece, Canada, Croatia, Italy, Argentina, Australia, Belgium, Cayman Islands, China, Netherlands, El Salvador, Germany, Hong Kong, India, Ireland, Israel, Kyrgyzstan, New Zealand, Spain, Taiwan, the UK, Ukraine, Estonia, and the United States.</p> 
<p> Read more: <a href="https://crypto.news/chinese-court-requires-proof-of-tether-as-legal-fiat-affirms-ban-on-crypto-lending/"> Chinese court requires proof of Tether as legal fiat affirms ban on crypto lending </a> </p>

Tether has frozen 32 addresses linked to illicit activity

Table of Contents

crypto.news

Other articles published on Oct 16, 2023

Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious D...

JP Morgan strategist expects 20% market correction; whales bullish on Render and InQubeta

Growing Sector with Blockchain Technology: What is Real World Asset (RWA)? Expert Comments

Why Is the US Government Holding $5,300,000,000 in Bitcoin Positive for the Crypto Market?

Grassroots Crypto Adoption in Latin America Surges as Users Flock to Central Exchanges

Biggest Fundraising Rounds Last 7 Days (9 Oct - 15 Oct)

Join our free newsletter for daily crypto updates!