- “Tether has not been contacted by U.S. officials or law enforcement with a request” to freeze transactions with Tornado Cash, Tether’s chief technology officer, Paolo Ardoino, said in a statement, adding that the company “normally complies with requests from U.S. authorities.”
- It is not clear whether Tether is legally obligated to fall in line with Treasury’s sanctions.The Hong Kong-based company suggests it is not, because it “does not operate in the United States or onboard U.S. persons as customers,” Ardoino said. But he said the company considers Treasury sanctions “as part of its world-class compliance program.”
- When asked whether Treasury considers Tether to be in violation of Tornado Cash sanctions, the department declined to comment.
Alexey Pertsev, a Tornado Cash developer arrested in August by Dutch authorities over allegations of facilitating money laundering, is to stay in jail for at least another two months after his appeal was rejected.
We are supporting USDC with an eye on a number of use cases that make it easy for developers to build on top of Block’s tbDEX protocol and its Web5 decentralized identity platform.
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