Bitcoin on Nostr: Tether weakens Ecosystem with Wallet-Freezing Policy Tether introduces a ...
Tether weakens Ecosystem with Wallet-Freezing Policy
Tether introduces a wallet-freezing policy targeting sanctioned individuals, diminishing its security. Aligning with global regulatory standards, the company now freezes wallets listed on the OFAC SDN List, ensuring the responsible use of Tether tokens and preventing misuse.
- The policy goes beyond Tether’s platform, affecting secondary market transactions to deter illicit activities.
- Paolo Ardoino, CEO of Tether, emphasizes the move as part of their effort to foster a safer and compliant stablecoin ecosystem.
https://tether.to/en/tether-introduces-new-policy-to-strengthen-ecosystem-security/
Tether introduces a wallet-freezing policy targeting sanctioned individuals, diminishing its security. Aligning with global regulatory standards, the company now freezes wallets listed on the OFAC SDN List, ensuring the responsible use of Tether tokens and preventing misuse.
- The policy goes beyond Tether’s platform, affecting secondary market transactions to deter illicit activities.
- Paolo Ardoino, CEO of Tether, emphasizes the move as part of their effort to foster a safer and compliant stablecoin ecosystem.
https://tether.to/en/tether-introduces-new-policy-to-strengthen-ecosystem-security/