PANews reported on April 23 that according to Cointelegraph , USDT issuer Tether announced that it would freeze addresses associated with sanctioned entities. This commitment was made after reports that Venezuela's state-owned oil company used USDT to circumvent sanctions . Tether said they respect and are committed to ensuring a rapid freeze on addresses associated with the U.S. Office of Foreign Assets Control (OFAC) sanctions list.
Tether vows to freeze assets after Venezuela seeks crypto to bypass oil sanctions
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