DOJ Investigating Tether for AML Violations, CEO Denies Claims
- DOJ is reportedly investigating Tether over anti-money laundering (AML) violations.
- Tether CEO Paolo Ardoino disputes these claims, asserting no ongoing investigation.
- Institutional interest in Bitcoin grows, with Emory University disclosing Bitcoin ETF holdings
The U.S. Department of Justice (DOJ) is reportedly investigating Tether, the largest stablecoin issuer, over potential anti-money laundering (AML) and sanctions compliance violations. However, Tether’s CEO, Paolo Ardoino, denies these allegations, calling them “unequivocally false” and asserting that Tether is not under investigation.
Tether CEO Refutes Allegations
Ardoino called the claims in The Wall Street Journal report “regurgitated noises.” He emphasized Tether’s close collaboration with law enforcement to prevent the misuse of its stablecoin, USDT. Ardoino further stated that if such a probe were indeed underway, Tether would be informed, suggesting that the allegations lack foundation.
The post DOJ Investigating Tether for AML Violations, CEO Denies Claims appeared first on Coin Edition.
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DOJ Investigating Tether for AML Violations, CEO Denies Claims
- DOJ is reportedly investigating Tether over anti-money laundering (AML) violations.
- Tether CEO Paolo Ardoino disputes these claims, asserting no ongoing investigation.
- Institutional interest in Bitcoin grows, with Emory University disclosing Bitcoin ETF holdings
The U.S. Department of Justice (DOJ) is reportedly investigating Tether, the largest stablecoin issuer, over potential anti-money laundering (AML) and sanctions compliance violations. However, Tether’s CEO, Paolo Ardoino, denies these allegations, calling them “unequivocally false” and asserting that Tether is not under investigation.
Tether CEO Refutes Allegations
Ardoino called the claims in The Wall Street Journal report “regurgitated noises.” He emphasized Tether’s close collaboration with law enforcement to prevent the misuse of its stablecoin, USDT. Ardoino further stated that if such a probe were indeed underway, Tether would be informed, suggesting that the allegations lack foundation.
The post DOJ Investigating Tether for AML Violations, CEO Denies Claims appeared first on Coin Edition.
Read More
Bitcoin Surges Amid Growing Institutional Interest and Regulatory Clarity