EddieJayonCrypto
17 Jan 24
Tether challenged a recent UN report that identified it as a popular vehicle for cryptocurrency-based money laundering in Southeast Asia. The company emphasized its role in helping developing economies and its collaboration with law enforcement to ensure monitoring and traceability. Tether also call...
Tether challenged a recent UN report that identified it as a popular vehicle for cryptocurrency-based money laundering in Southeast Asia. The company emphasized its role in helping developing economies and its collaboration with law enforcement to ensure monitoring and traceability. Tether also called for blockchain education to fight financial crime and invited the UN to participate in a collaborative dialogue.
A report released on January 15 by the United Nations (UN) Office on Drugs and Crime identified Tether, the USDT stablecoin issuer, as the “most popular vehicle for cryptocurrency-based money launderers in the Southeast Asian region.” Tether released a response challenging the UN report, expressing disappointment in the UN’s assessment and highlighting its role in helping developing economies and its collaboration with law enforcement for monitoring and traceability.
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