CoinVoice latest learns that according to The Wall Street Journal, Tether's ability to become the world's leading stablecoin was partly due to Maduro's role, because Tether is an important tool for Petróleos de Venezuela (PdVSA) to evade sanctions, being used as a settlement currency for oil transactions, and has also provided an economic lifeline for Venezuelans suffering from the plunge of their national currency, the Bolívar.
A Tether spokesperson responded by stating that the company complies with all applicable U.S. and international sanctions regulations, and works closely with U.S. authorities, including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses related to illegal activities or sanctions violations upon legitimate requests.
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CoinVoice latest learns that according to The Wall Street Journal, Tether's ability to become the world's leading stablecoin was partly due to Maduro's role, because Tether is an important tool for Petróleos de Venezuela (PdVSA) to evade sanctions, being used as a settlement currency for oil transactions, and has also provided an economic lifeline for Venezuelans suffering from the plunge of their national currency, the Bolívar.
A Tether spokesperson responded by stating that the company complies with all applicable U.S. and international sanctions regulations, and works closely with U.S. authorities, including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses related to illegal activities or sanctions violations upon legitimate requests.