Cryptopolitan· Hannah Collymore·· 2 hours agoSelectedAI score73
Tether CEO Ardoino rejects Senate report’s questions over the timing of Iran sanctions compliance
Tether's Ardoino disputes Blumenthal report on Iran sanctions timing
AI brief
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Tether CEO Paolo Ardoino denied allegations about the company’s Iran compliance raised by a Democratic investigation in the U.S. Senate, saying Tether froze the relevant addresses an average of 4 weeks before OFAC and Israeli counter-terrorist financing authorities formally announced the sanctions.
Why it matters
The article reviews Tether’s explanation of the timing of the freezes and the case data in the Senate report, focusing on the difference between the public announcement of sanctions and the actual timing of the freezes.
Source:Cryptopolitan · cryptopolitan.com