A report within the WSJ may cool the crypto market.
- DOJ and Treasury investigating Tether over potential sanctions violations and illicit exercise
- Manhattan US attorneys main prison probe into doable hyperlinks to medicine, terrorism, hacking
- Treasury mulling sanctions towards world’s most traded crypto ($190B day by day quantity)
- Comes as Tether steps up compliance, just lately froze 1,850 wallets value $114M
- Investigation analyzing if stablecoin used to evade sanctions by Hamas, Russian arms sellers
- Tether strongly denies allegations, says working with regulation enforcement
- Cantor Fitzgerald manages $80B+ of Tether’s Treasury holdings
- Follows $4.3B Binance settlement and former $61M regulatory nice
Bitcoin is down 2.5% to $66,450 at the moment and is below stress on this report as it is a signal that the entire ecosystem is below risk.
This text was written by Adam Button at www.forexlive.com.
