New Tether security policy sees 41 crypto wallets frozen
Tether stated the new policy will prevent sanctioned individuals and organizations present in OFAC's SDN list.
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Tether stated the new policy will prevent sanctioned individuals and organizations present in OFAC's SDN list.
The investment powerhouse VanEck's crypto analysts have set their sights on Solana (SOL), envisioning a groundbreaking trajectory for this Ethereum (ETH) competitor in the year ahead.
Stablecoin issuing company Tether has announced a new security policy aimed at protecting the crypto ecosystem from bad actors. In addition, the USDT issuer is looking to enhance its cooperation and relationship with law enforcement agencies.
Tether, a leading stablecoin company in the crypto industry, has announced a significant new initiative aimed at strengthening the security of the crypto asset ecosystem.
Tether introduced a wallet-freezing policy on 9 December 2023. Tether is a major player in the crypto space, known for issuing the Tether token (USDT), which is a type of stablecoin. Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to another asset, typically a fiat currency.
Tether rolls out a new wallet-freezing policy to combat cybercrime and sanctioned wallets.
By incorporating crypto as a payment option, Lugano aligns itself with three other Swiss cities and cantons that already embrace crypto payments.
Stabelcoin issuer Tether blacklisted 41 wallets controlled by people on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List on Saturday.
El Salvador has launched a new “Freedom Visa Program” for high-net-worth individuals willing to plunk down $1 million worth of Bitcoin (BTC) or USDT for a passport. The Central American country officially launched the citizenship-by-investment program on Thursday, noting that 1,000 individuals would be selected for the visa, which offers an “accelerated path” toward citizenship.
Tether, the company behind the prominent stablecoin, has announced a significant policy shift in its approach to regulatory compliance and cooperation with law enforcement agencies. In a recent blog post dated December 9, Tether revealed its initiative to voluntarily freeze wallets associated with individuals or entities on the United States Office of Foreign Assets Control
Tether, the company responsible for the largest stablecoin in the cryptocurrency market, has taken a proactive step in its security measures by announcing a new wallet-freezing policy today. This initiative, decided on December 1, 2023, aligns with the U.S.
Tether is expanding control sanctions to the secondary market in an effort to cooperate with regulators in the United States.
Sanctioned individuals, along with Tornado Cash's contract addresses, have been officially cut off from the world's largest stablecoin.
El Salvador has launched a new visa program that grants a residency visa and a pathway to citizenship for foreigners if they invest $1 million in Bitcoin (BTC) or Tether (USDT) into the small Central American nation.
In a recent interview with Tony of Thinking Crypto, Ron Hammond from the Blockchain Association shed light on the evolving dynamics between Binance, Tether, and regulatory authorities in Washington, DC. The conversation primarily focused on the recent settlement between Binance and the Department of Justice (DOJ), and the ongoing concerns surrounding Tether.
Lookonchain, a web3 data analysis tool that tracks whale activity, shared a post on X that one fund or institution had secured $60 million in USDT from the Tether Treasury. This brings the total to $1.
El Salvador's new citizenship-by-investment program requires a $1 million investment in Bitcoin or USDT, offering a pathway to citizenship.
El Salvador has announced a new “freedom visa” for rich people who want to live in the Central American nation.
The current value of El Salvador's Bitcoin holdings has exceeded $130 million.
Tether, the largest dollar-referenced stablecoin issuer by market cap, says it is working with El Salvador on its “Adopting El Salvador Freedom Visa Program.” The Visa program aims to attract individuals who will help boost the economy of the Central American country.
Critics argue that the substantial $1 million requirement makes citizenship unattainable for many investors. Comparable citizenship-by-investment programs in the Caribbean start at around $100,000.
Tether has announced that it has teamed with the government of El Salvador for an ambitious citizenship-by-investment program, “Adopting El Salvador Freedom Visa Program”. The visa programs aim to create an atmosphere where investors contribute towards the socio-economic transformation of the Central American country.
El Salvador, in partnership with Tether, has launched a “Freedom Visa Program.” Similar to Portugal's Golden Visa, which was scrapped earlier this year, the program encourages Bitcoin investors to become citizens of the country.
As an introductory offer, it accepts a non-refundable $999 deposit toward the amount. If every available slot is filled, El Salvador would get $1 billion.
