Last Minute: Tether (USDT) Responds to WSJ’s Heavy Accusations: “FUD!”

The Wall Street Journal recently claimed that the world’s largest stablecoin Tether (USDT) used fake documents in 2018 and created shell companies to gain access to the banking system.

The Wall Street Journal also states that the U.S. Department of Justice cryptocurrency The company also made a claim that it was investigating Tether.

Tether: “WSJ Continues FUD News”

Tether officials responded to the Wall Street Journal’s claims in a blog post they just published. Company officials argued that the WSJ’s news was “FUD”.

USDT officials made the following statement in their blog post:

“The Wall Street Journal’s report of stale claims from so long ago is completely false and misleading. Bitfinex and Tether have world-class compliance programs and comply with Anti-Money Laundering, Know Your Customer (KYC) and Anti-Terrorism Financing regulatory requirements.

Bitfinex and Tether are proud partners of global law enforcement and routinely and voluntarily assist the United States Department of Justice and other law enforcement agencies around the world in the prevention of money laundering, terrorism and other crimes of malicious intent.

These unfair attacks will not stop us from continuing these efforts and delivering the most liquid and reliable stablecoin experience that the market openly acknowledges, making us a leader in the industry.”

Tether said last year that it routinely engages in open dialogue with law enforcement and that the US Department of Justice does not appear to be actively investigating the company.

*Not investment advice.

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