Tether isn’t happy with the UN’s portrayal of the use of the stablecoin
Major stablecoin company Tether has reacted to a United Nations (UN) report spotlighting the alleged involvement of its Tether stablecoin in illegal activity.
The Southeast Asia and Pacific divisions of the UN Office for Drugs and Crime (UNODC) published a report on using cryptocurrencies in illicit activities and underground banking on January 15, titled “Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden, Accelerating Threat.” It referred to the USDT stablecoin as one of the direct vehicles for money laundering in the territory.
Tether Challenges UN Report and Calls for Blockchain Education
Read more ⬇️https://t.co/RM474wIiqo
— Tether (@Tether_to) January 15, 2024
Tether disputes UN report on stablecoin’s illicit use, emphasizes traceability and anti-financial crime commitment.
