{"id":140629,"date":"2024-10-25T21:14:49","date_gmt":"2024-10-25T18:14:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140629"},"modified":"2024-10-25T21:23:51","modified_gmt":"2024-10-25T18:23:51","slug":"breaking-u-s-authorities-are-investigating-tether","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/breaking-u-s-authorities-are-investigating-tether\/","title":{"rendered":"BREAKING: U.S. Authorities are Investigating Tether"},"content":{"rendered":"

Prosecutors from the Manhattan U.S. Attorney\u2019s office are allegedly focused on determining if Tether\u2019s<\/a> <\/strong>stablecoin has facilitated transactions for illicit activities\u2014such as drug trafficking, terrorism, and cybercrime\u2014or if it has been used to launder proceeds from these activities.<\/p>\n

The U.S. Treasury Department is also weighing the possibility of imposing sanctions on Tether, according to a recent WSJ article. The Treasury is supposedly concerned about the stablecoin\u2019s extensive use by individuals and entities on the U.S. sanctions list, including terrorist organizations like Hamas and sanctioned Russian arms dealers. Sanctions could prevent U.S. businesses and citizens from engaging with Tether.<\/p>\n

Tether\u2019s stablecoin, which is pegged to the U.S. dollar, has captured the attention of regulators for its appeal in regions with restricted access to U.S. currency. Unlike other cryptocurrencies, Tether maintains a consistent dollar value, making it a frequent choice for transactions in these areas.<\/p>\n