Sanctions Evasion news and trends

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Tether Disputes Report of Stablecoin Being Used for Illicit Activities

October 27, 2023
Tether has disputed a media report that its stablecoin is increasingly being used for illicit activities. The Wall Street Journal (WSJ) reported Friday (Oct. 27) that the stablecoin Tether is increasingly being used in money laundering, terror financing and sanctions evasion. The report cited information from indictments, blockchain analysis and sanctions notices. Tether has gained popularity for its […]