Tether, the company behind the prominent stablecoin, has announced a significant policy shift in its approach to regulatory compliance and cooperation with law enforcement agencies. In a recent blog post dated December 9, Tether revealed its initiative to voluntarily freeze wallets associated with individuals or entities on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List.
This list comprises individuals and companies controlled or owned by sanctioned countries, marking them as entities with whom U.S. persons and firms are generally prohibited from conducting business.
Tether Intensifies Efforts Against Crypto Crime
Tether’s latest policy, effective since December 1, aims to bolster the security infrastructure surrounding its stablecoin operations. By implementing controls to freeze activities linked to Sanctioned persons on the OFAC’s SDN List, Tether is intensifying its efforts to prevent illicit activities, such as funding terro
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