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12:03
WSJ: Venezuelan state oil company uses Tether to evade sanctions, Tether says it complies with international sanctions regulations
Foresight News reported, according to The Wall Street Journal, that Tether has become an important tool for Petróleos de Venezuela (PdVSA), Venezuela's national oil company, to circumvent sanctions. The stablecoin issued by Tether is being used as a settlement currency for oil transactions and has also provided an economic lifeline for Venezuelans suffering from the sharp devaluation of the country's currency, the bolívar. Cryptocurrency analysts believe that the arrest and removal of Maduro from the presidency of Venezuela is unlikely to weaken Tether's influence in the country, as the problem of hyperinflation remains severe. A spokesperson for Tether responded by stating that the company complies with all applicable U.S. and international sanctions regulations, works closely with U.S. authorities including the Office of Foreign Assets Control, and regularly assists law enforcement in freezing addresses related to illegal activities or sanction violations in response to legitimate requests.
11:50
Polygon team's associated addresses have transferred a total of 20 million POL, worth approximately $3.5 million
BlockBeats News, January 11th, according to Arkham monitoring, in the past 20 minutes, a certain Polygon team-related address has deposited a total of 20 million POL to an exchange and GSR Markets addresses, worth nearly $3.5 million.
11:49
The Wall Street Journal: Venezuela’s oil exports heavily use USDT, Tether emphasizes strict compliance with international sanctions regulations
PANews, January 11—According to The Wall Street Journal, Tether’s rise as the world’s leading stablecoin was partly influenced by Maduro, as Tether has become an important tool for Petróleos de Venezuela (PdVSA), the Venezuelan state oil company, to circumvent sanctions. It is used as a settlement currency for oil transactions and has provided an economic lifeline for Venezuelans suffering from the sharp devaluation of their national currency, the bolívar. A Tether spokesperson responded that the company complies with all applicable U.S. and international sanctions regulations, works closely with U.S. 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 request.
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