Tether Announces Wallet Freeze Policy for Those Sanctioned by OFAC

Attached East expansion control punishments has THE secondary walk In A effort has cooperate with regulators In THE United States.

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Stable coin issuer Attached has announcement another stage towards cooperation with law enforcement And regulatory agencies by initiate A voluntary wallet freezing policy, according to has A Blog job on Dec. 9.

From Dec. 1, Attached has has been offer on THE secondary walk controls has freeze activity connected with Sanctioned people on THE United States Desk of Stranger Assets Control (OFAC) Especially Designated Nationals (SDN) List. Businesses And people control Or possesses by sanctioned countries are included on THE list.

According to has Attached, THE policy will extra charge existing security protocols And East A "proactive effort has work even more closely with global regulators And law enforcement agencies. »

Attached Present New Policy has To strenghten Ecosystem Security

Read more ⬇️https://t.co/kCCFhLflfb

— Attached (@Tether_to) December 9, 2023

THE WE. Department of THE Treasury has has been using THE list has sidewalk crypto transactions potentially connected has illegal activities, including funding terrorism And unauthorized fentanyl distribution.

Wallets previously added has THE SDN List to have Already has been frozen by Attached, A move that contradicted THE the company previous positions on THE matter. In August 2022, For example, Attached