TechFlow Deep Tide News: On January 11, according to The Wall Street Journal, Tether’s position as the world’s leading stablecoin was facilitated by Maduro to some extent, as Tether serves as an important tool for Petróleos de Venezuela (PdVSA) to circumvent sanctions, being used as a settlement currency for oil transactions and providing an economic lifeline for Venezuelan citizens suffering from the sharp depreciation of the national currency, the bolívar.
A Tether spokesperson responded, stating that the company complies with all applicable US and international sanctions regulations and works closely with US authorities including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses associated with illegal activities or sanctions violations upon legitimate requests.
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The Wall Street Journal: Tether — важный инструмент обхода санкций для государственной нефтяной компании Венесуэлы
TechFlow Deep Tide News: On January 11, according to The Wall Street Journal, Tether’s position as the world’s leading stablecoin was facilitated by Maduro to some extent, as Tether serves as an important tool for Petróleos de Venezuela (PdVSA) to circumvent sanctions, being used as a settlement currency for oil transactions and providing an economic lifeline for Venezuelan citizens suffering from the sharp depreciation of the national currency, the bolívar.
A Tether spokesperson responded, stating that the company complies with all applicable US and international sanctions regulations and works closely with US authorities including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses associated with illegal activities or sanctions violations upon legitimate requests.