Circle Internet Financial, the issuer of the USDC stablecoin, said it was immediately halting new mints of USDC on Tron and would halt all support for USDC on Tron by February 2025.
Tether noted that it prepared its reserves report "using the recognition and measurement principles" of the IFRS without making sufficient disclosures to actually comply with the IFRS.
The charges against Xue 'Sam' Lee, accusing him of orchestrating the scheme that took $1.89 billion from its 'investors' between June 2020 and November 2022, were originally filed on January 25.
The UNODC report details Tether's role in the massive underground banking networks that support Macau's casino 'junket' operators as well as illegal China-facing online gambling sites.
India's FIU issued 'compliance show cause' orders to nine digital asset exchanges alleging them of "operating illegally without complying" with the Prevention of Money Laundering Act."
Howard Lutnick, the CEO of U.S. trad-fi giant Cantor Fitzgerald, declared himself "a fan" of Tether stablecoin partly because he holds their treasuries, which is over $90 billion now.
While Tether attempts to disassociate itself from entities and individuals on Office of Foreign Assets Control’s SDN list, Coinbase is acting tough as it continues to show its rejection of the Office's sanctions list.
Tether's integrity is being put into question following DBM's release of a new report shedding light on the platform's questionable loans and other entities tied to this matter.
Changpeng Zhao's refusal to serve jail time over violations of U.S. banking laws forced prosecutors to tag him as a flight risk, leading to the ex-Binance CEO's legal team filing an opposition.
Two different people run Binance and Tether, but both claimed to be against illicit acts in the 'crypto' space, which proved untrue for the former, while the latter shows signs of false assertions.
On November 15, New York DFS issued the final version of its "Guidance Regarding Listing of Virtual Currencies" for entities approved to operate in New York under the BitLicense program.