Tag: Tether

Tether announces wallet-freezing policy for OFAC-sanctioned persons

coiner

Stablecoin issuer Tether has announced another step toward cooperation with law enforcement and regulatory agencies by initiating a voluntary wallet-freezing policy, according to a blog post on Dec. 9.  Since Dec. 1, Tether has been offering on the secondary market controls to freeze activity connected with Sanctioned persons on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. Companies and individuals controlled or owned by sanctioned countries are included on the list. According to Tether, the policy will supplement existing security protocols and is a…

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Tether signs MoU with Georgia to develop Bitcoin P2P infrastructure

coiner

Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with the government of Georgia to develop Bitcoin and peer-to-peer focused infrastructure in the country. The Strategic collaboration between the stablecoin issuer and the Georgian government will focus on building key infrastructure for a thriving startup ecosystem in Georgia.  The collaborative effort between the two parties aims to attract international attention and investment towards the nascent decentralized space. The partnership will aim at flourishing the P2P technology at a state level and help build financial tools around it. Some of…

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