On 2 January, T3 FCU, a partnership involving Tether, Tron and TRM Labs, made an announcement about the leap in fighting crypto-related financial crime, T3 FCU began operations in Aug 2020, and over this period has collaborated with law enforcement in dealing with money laundering, Ponzi schemes, extortion, terrorism financing and other serious economic crimes.
Freezing Criminal Assets
Tether’s chief executive officer, Paolo Ardoino elaborated on the role of law enforcers and reporters from various jurisdictions in reducing freezing of criminal assets that are reported. He pointed out that such activities help bad actors from being able to abuse stablecoins like the USDT.
The founder of the Tron network, Justin Sun, proffers that, the efforts of T3 FCU in the freezing of criminal assets tells criminals that, “They now have 100 million more reasons for considering the use of TRON that they previously had.”
The T3 FCU has already carried out in excess of 25 million transactions in relation to the primary objective of the department. Japanese authorities reported over $3 billion in USDT volume in the past two months, during which T3 FCU was active.
Chris Janczewski, who is the TRM Labs global investigations lead remarked that in excess of 100 million USDT in frozen according to coin assets is a just an opening.
He Is Tchad Tchad From Tchad Under Secretary For Global Investigations Repaying a UTM Coin the CEO of ajudá Christoat Said: Along Sharon of 2025 there will be more lawful users hence security of the entire ecosystem has to be low ghten.
Tether’s Struggles in Europe
Tether’s market cap has dropped for the first time since the end of 2022 and lost 3 billion USDT due to the decline from the mid-December high of about $140 billion.
This drop off can possibly be linked with the recent adoption of MiCA regulations which causes more confusion concerning USDT’s standing as an exchange asset within Europe.
Ardoino mentioned that it is speculation not reality which is driving such community concerns and added that Tether added new treasury worth $700 million to its Bitcoin.
He said that the competitors are terming an attack on as competitive misinformation and urged the community not to give into the FUD being spread.
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