Tether will block wallets of organizations and individuals with USDT that are subject to sanctions by the US Treasury. This is reported by Cointelegraph.
In particular, any payments in their favor will be frozen.
A Tether representative stressed that the company remains committed to stopping transactions to addresses included in SDN-list OFACand strives to ensure their prompt blocking.
The statement comes following reports that Venezuela's state oil company PDVSA was using USDT to circumvent sanctions.
AML company BitOK published a list of 836 addresses that Tether is currently blocking.
In December 2023, Tether confirmed its commitment to cooperation with authorities and law enforcement around the world.
At the same time, the company announced the start of a new policy to freeze wallets whose owners are under OFAC sanctions.
Source: Cryptocurrency
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