Proactive Investors – Stablecoin giant did not mince words when responding to a bombshell Wall Street Journal article revealing a supposed US government investigation into the cryptocurrency firm.
According to a WSJ report citing “people familiar with the matter”, Tether is facing a criminal investigation into possible violations of sanctions and anti-money-laundering rules.
Federal prosecutors are reportedly weighing up sanctions against Tether due to its widespread usage by known terrorist organsations that use the stablecoin to shift money around.
Mexican drug cartels, Russian arms companies and Chinese fentanyl manufacturers are all said to be using Tether, which is a cryptocurrency pegged to the value of the US dollar.
Tether rebuffed the claims that an investigation is ongoing.
“It is wildly irresponsible for WSJ to write articles with reckless allegations with such certainty when no authorities have gone on the record to confirm these…
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