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Tether announced its intention to block payments in circumvention of sanctions
Tether announced its intention to block payments in circumvention of sanctions
Tether will block the wallets of organizations and individuals with USDT that have fallen under the sanctions of the US Treasury. It is reported by Cointelegraph.
In particular, any payments in their favor will be frozen.
A Tether spokesperson stressed that the company remains committed to stopping transactions to addresses included in the OFAC SDN lists and seeks to ensure their prompt blocking.
The statement comes after a report that Venezuela’s state-owned oil company PDVSA used USDT to circumvent sanctions.
AML company BitOK has published a list of 836 addresses that Tether is currently blocking.
Recall that in December 2023, Tether confirmed its course for cooperation with authorities and law enforcement officers around the world
At the same time, the company announced the start of a new policy to freeze wallets, the owners of which are under OFAC sanctions.