🌋 Tether Challenges UN Accusations
posted 16 Jan 2024
In a recent blog post, Tether addressed the United Nations' report, underscoring its active collaboration with international law enforcement bodies.
The USDT issuer has noted that its monitoring systems surpass those of traditional banking, which “for decades have been the vessel for laundering substantial sums.”
Additionally, Tether emphasized its recent proactive measures in the fight against the illicit use of digital currencies. The company has frozen assets exceeding $300 million in recent months, showcasing its dedication to curtailing crypto-related crimes.
"Rather than focusing solely on risks the UN should also discuss how centralized stablecoins can improve anti-financial crime efforts," the blog reads.
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