Tether Addresses Allegations Of Fake Docs

Tether is addressing the latest allegations of fake docs. Check out the latest reports about all this below.

Tether has been reportedly pushing back against a new report that alleges those backing its stablecoin project falsified documents to remain connected to the banking world.

In a new blog post, Tether reportedly refutes a story published by the Wall Street Journal. It’s important to note the fact that this alleges backers of its widely traded stablecoin and its crypto exchange Bitfinex used falsified documents and shell companies to open bank accounts.

“The Wall Street Journal’s report about stale allegations from long ago is wholly inaccurate and misleading. Bitfinex and Tether have world-class compliance programs and adhere to applicable Anti-Money Laundering, Know Your Customer, and Counter-Terrorist Financing legal requirements.”

Accoridng to the same reports it seems that “Bitfinex and Tether are proud partners of global law enforcement, and routinely and voluntarily assist the United States Department of Justice and other law enforcement organizations across the world in preventing money laundering, terrorism, and other crimes by bad actors.”

The report also notes the following:

“These unfair attacks will not distract us from continuing with those efforts and offering the most liquid and reliable stablecoin experience.”

We suggest that you check out the latest reports coming from the online publication the Daily Hodl in order to learn more about all this.

At the beginning of this year, we reported the fact that according to the latest reports coming from teacher Guru, it’s been revealed that due to necessary compliance with regulators in the country, Crypto.com has announced its decision to delist Tether in Canada.

Decrypt has reported on a notice sent to users in the country that the crypto exchange platform will no longer support transactions involving the stablecoin. Check out the previous article that we shared in order to learn more details.