Tether Refutes Wall Street Journal’s Allegations

03/11/2023 06:04 • Tech Ticker • 133 views

On March 11, Tether wrote that it continued to be the target of outdated, inaccurate and misleading reports and accusations of the Wall Street Journal. The latest report of the Wall Street Journal implied that Tether’s operation was not regulated. However, this report conflicts with the facts. In fact, Tether operates under a large number of financial supervision and cooperates with global law enforcement departments almost every day, including regular cooperation with the United States Department of Justice and other top U.S. agencies, and does not provide services to U.S. customers.

Tether: The report of the Wall Street Journal is not true. In fact, the company has cooperated with the global law enforcement department for a long time

Analysis based on this information:

Tether, a leading stablecoin company, has responded to recent allegations by the Wall Street Journal, claiming that they are outdated, inaccurate, and misleading. The company has been accused of operating without proper regulation, which Tether denies. The latest report by the Wall Street Journal seemed to imply that Tether was not under any financial supervision, which is not true.

The response from Tether indicates that the company operates under a vast system of regulatory oversight, which includes global law enforcement and financial authorities. On a daily basis, Tether collaborates with law enforcement agencies, including the United States Department of Justice and other top U.S. agencies. The company’s operations are heavily monitored, which ensures its compliance with relevant regulatory guidelines and legal requirements.

Despite this, the allegations from the Wall Street Journal have tarnished the reputation of Tether, as the company has repeatedly faced criticism over its operations since its inception in 2014. Questions surrounding its transparency and posturing as a fully backed cryptocurrency have led to concerns among investors and the wider cryptocurrency industry.

This response from Tether aims to dismiss those concerns, highlighting the company’s commitment to regulatory compliance and transparency. Tether has also emphasized that it does not provide any services to customers from the United States, further strengthening its compliance’s validity and integrity.

In conclusion, Tether has responded to allegations of inadequate regulation by emphasizing its compliance and cooperation with global regulatory authorities. Despite its efforts, Tether will continue to face a degree of skepticism until it can fully dispel all doubts surrounding its stability and transparency. Nevertheless, Tether’s response provides some reassurance that the company is focusing on addressing its challenges and securing its position in the market.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/6831.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.