All posts tagged "Tether"
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196Asia-PacificMyanmar to Ban Crypto Under New Cybersecurity Law
Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
January 28, 2022 -
556AML / KYCParallel Myanmar Government Recognises Tether as Official Currency
The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.
December 14, 2021 -
398Fintech / RegtechUS Regulators Call for Powers to Regulate Stablecoins
US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.
November 3, 2021 -
454EnforcementCFTC Fines Tether as US Regulators Scrutinise Crypto Markets
The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
October 21, 2021 -
264AML / KYCStablecoins Increasingly Used in Money Laundering, PBOC Says
PBOC governor Fan Yifei says stablecoins are increasingly being used as a tool for illegal activities and money laundering.
July 12, 2021 -
512AML / KYCChina: 13 Arrested for Using Crypto to Launder Fraud Proceeds
The suspects confessed to laundering proceeds from telecoms fraud using Tether, before withdrawing the funds to transfer overseas.
March 22, 2021 -
1.2KAML / KYCUS DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
September 1, 2020 -
1.6KAML / KYC
Chinese Police Freeze 4,000 Bank Accounts in Crypto Probe
Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.
June 11, 2020
