Cryptocurrency

World

when

Tornado

JPMorgan claimed that the Office of Foreign Assets Control (OFAC), a financial intelligence and enforcement agency affiliated with the US Treasury Department, could exercise control over Tether (USDT) even though it is not a US entity.
In a report published Thursday, a team of analysts led by Nikolaos Panigirtzoglou noted that “US regulators may exercise some control over offshore use of Tether through OFAC.” They cited Tether's relationship with Tornado Cash, a privacy enhancement platform on the Ethereum network, as an example of this control.
Related News: <a href="https://en.bitcoinsistemi.com/microstrategys-btc-holdings-reach-astonishing-value-after-bitcoins-recent-surge/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy's BTC Holdings Reach Astonishing Value After Bitcoin's Recent Surge</a>
Tether CEO Paolo Ardoino responded by suggesting that JPMorgan's concerns stemmed from jealousy over the development of financial and payment services. “JPMorgan's current concerns appear to be more about envy over the evolution of financial and payment services that they have ignored for a decade and now lament because it is getting so much attention,” Ardoino said.
Ardoino continued his words as follows:
<blockquote>
 “If I were them, I would be more concerned about their total fines of $39 billion.”
</blockquote>
Earlier this month, Ardoino labeled JPMorgan a “hypocrite” when he noted that the increasing concentration of JPMorgan Tether was negative for cryptocurrency markets.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/jpmorgan-issues-a-statement-on-tether-usdt-again-infuriating-the-cryptocurrency-world/" rel="noopener noreferrer nofollow">JPMorgan Issues a Statement on Tether (USDT), Again Infuriating the Cryptocurrency World</a>

JPMorgan Issues a Statement on Tether (USDT), Again Infuriating the Cryptocurrency World

Bitcoin Sistemi EN

在 2024年2月15日發表的其他文章

Palm Collective Gives Creators Opportunity to Showcase Work at NFT Paris Exhibition

Justin Sun Unveils TRON’s BTC Layer 2 Solution

Ethereum Whale Bags 69.5K ETH Amid Price Rally, What Next?

Nervos Network’s (CKB) Price Surges on Favourable Fundamentals, but Technicals Signal Caution

Coinbase (COIN) Stock Rises 10% as Investors Turn Bullish on Earning Power

XRP Whale’s 47 Mln Selloff Sparks Speculations As Price Jumps Past $0.55

訂閱免費電子報，每天收取加密貨幣最新動態！