Bitcoin

Tether CEO, Paolo Ardoino, talks about the USDT and ensuring legal use

The CEO of Tether, Paolo Ardoino, announced that the company had tightened its conformity protocols. According to the CEO, this decision was to ensure that the USDT is used only for legal transactions. The company will introduce improved monitoring of all USDT transactions and work closely with the regulatory authorities.

In a interviewPaolo Ardoino said that the company would strengthen its conformity protocols. Tether's senior leader revealed that the improvement has made it possible that the USDT is only used for legal transactions. Ardoino shared that the company would introduce advanced monitoring for each USDT transaction. The CEO revealed that they had worked with more than 230 law enforcement agencies in more than 50 countries. He also said that they will work closely with regulation organizations to help them reach this step.

Ardoino explains the role of Tether in the fight against illegal activities

In a recent interview, the CEO of Tether discussed the legal collaborations and the legal role of the USDT in the world markets. The CEO revealed that the company had improved compliance protocols for USDT users. Ardoino shared that the decision to strengthen compliance measures to ensure that they would only be used for legal transactions.

While discussing Tether's legal collaborations, Ardoino revealed that the company had associated itself with more than 230 law enforcement agencies. The CEO has added that Tether has collaborations for applying the law in more than 50 countries. He praised Tether as one of the most committed most committed stablecoins in the industry.

Ardoino said their law application of the law included high -level American agencies such as the Federal Bureau of Investigation (FBI). He said that no company or institutions had such a large collaboration with law enforcement organizations.

In the past, Tether has been linked to illegal activities such as money laundering. For his defense, the CEO explained the role of the company in reducing the illicit use of the Lelick. He said the company fiance Fund associated with illegal activities. The CEO clarified that the company freezes the funds before making an order from the court.

The CEO of Tether responds to the concerns about the USDT reserves

Paolo Ardoino has discussed long -standing issues surrounding the USDT reserves and stability. The CEO cited the $ 120 billion in the company in the US Treasury. He said these assets proved that the shock was sufficiently supported by liquid assets. The CEO assured users of the USDT that its reserves exceeded the circulating offer of the stablecoin. He said that in a financial crisis, USDT holders can buy their coins for dollars.

In the past, Tether has experienced regulatory concerns about his reservations in Europe. The company has seen major exchanges on the USD list to ensure compliance with the new guidelines. With new regulatory amendments adopted in the United States, the CEO said that the company was planning to launch a only American stable. He said the main objective of the launch would be to comply with the new, stricter directives. The CEO said he was ready to adapt to any regulatory environment that could come to them.

The Trump administration required new and simple regulations for Stablecoins. The US Congress has made changes to Stablecoin regulations to develop clearer directives. Would have been tickets intended to adopt strict supervision on all stable transmitters.

According to the bill proposed, all stablecoin issuers will be mandated to meet the mandatory reserve requirements. They will also be subject to regular audits by government authorities. The proposed bill would introduce new measures to ensure that there would be transparency. The measures would also guarantee the financial stability of the stablecoins issued.

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