According to a report by the Financial Times, the United Nations (UN) Office on Drugs and Crime has identified Tether, one of the world’s largest cryptocurrency platforms, as an increasingly popular tool for money launderers and fraudsters operating in Southeast Asia, adding to increased regulatory scrutiny of the stablecoin issuer. Tether As Preferred Choice For […]
Crypto Assets Triumph As Commodities, But Face Regulatory “Turf War,” Says US CFTC Chair | Bitcoinist.com
In the ongoing clash between regulatory bodies over the classification and regulation of the crypto industry, CFTC Chair Rostin Behnam has added fuel to the fire by stating that most crypto assets are commodities under existing laws. However, Behnam also acknowledged the existence of a “turf war” between regulatory bodies regarding the oversight of the […]
Tether Joins El Salvador’s “Freedom Visa” Program, Requires $1M Bitcoin Investment | Bitcoinist.com
El Salvador, along with the largest stablecoin issuer in the world, Tether, has introduced a new citizenship-by-investment program, the “Adopting El Salvador Freedom Visa Program,” aimed at attracting 1,000 individuals willing to make a significant investment in the country using Bitcoin or USDT. Successful applicants will receive a residency visa, a pathway to citizenship, and […]
Tether And Bitfinex Drop Resistance To FOIL Request, Prioritize Transparency | Bitcoinist.com
In a recent announcement, Tether (USDT) and its sister company Bitfinex have declared their decision to withdraw opposition to a New York Freedom of Information Law (FOIL) request filed by a group of journalists, including Zeke Faux from Bloomberg Businessweek. The FOIL request relates to Tether and Bitfinex’s agreement with the New York Attorney General […]
Tether (USDT), the largest stablecoin issuer in the world, is finding its banking partner, Britannia Financial, at the center of a legal battle. Arbitral International, a British Virgin Islands corporation, is suing Britannia over a $1 billion Tether deposit. Tether’s Banking Choice Backfires According to a recent Financial Times report and court filings in the […]