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WSJ: US Government Intensifies Scrutiny on Tether
Summary: The U.S. government is ramping up its investigation into the cryptocurrency company Tether, according to a report by The Wall Street Journal. The Treasury Department is considering imposing sanctions on Tether due to its alleged use by sanctioned individuals and entities, including the terrorist group Hamas and Russian arms dealers. The Justice Department has been ...
The U.S. government is ramping up its investigation into the cryptocurrency company Tether, according to a report by The Wall Street Journal.
The Treasury Department is considering imposing sanctions on Tether due to its alleged use by sanctioned individuals and entities, including the terrorist group Hamas and Russian arms dealers.
The Justice Department has been probing Tether for several years, initially focusing on potential bank fraud involving forged documents. However, recent concerns about the company's role in facilitating illicit activities have expanded the scope of the investigation.
Tether CEO Paolo Ardoino has dismissed the report as "old news," stating that there is no indication that Tether is currently under investigation. However, the increased regulatory scrutiny highlights the growing challenges faced by the cryptocurrency industry.
Tags: Paolo Ardoino,Tether,The Justice Department,The Treasury Department
Link: WSJ: US Government Intensifies Scrutiny on Tether [Copy]
