Tether: The report of the Wall Street Journal is not true. In fact, the company has cooperated with the global law enforcement department for a long time

On March 11, Tether wrote that it continued to be the target of outdated, inaccurate and misleading reports and accusations of the Wall Street Journal. The latest report of the Wall Street Journal implied that Tether’s operation was not regulated. However, this report conflicts with the facts. In fact, Tether operates under a large number of financial supervision and cooperates with global law enforcement departments almost every day, including regular cooperation with the United States Department of Justice and other top U.S. agencies, and does not provide services to U.S. customers.

Interpretation of this information:

The message released by Tether on March 11 responds to the accusations and reports of the Wall Street Journal. Tether denies the allegations that its operations are not regulated and asserts that it operates under financial supervision and cooperates with global law enforcement agencies regularly. Tether also clarifies that it does not provide services to US customers, in accordance with US regulatory requirements.

The message appears to be a defensive move by Tether, seeking to counter negative media coverage and address concerns about the regulation of its operations. Tether is a cryptocurrency that is pegged to the US dollar, and is used by traders and investors as a stablecoin. However, there have been concerns about the transparency and stability of Tether, as well as its relationship with the cryptocurrency exchange Bitfinex.

In response to these concerns, Tether emphasizes its compliance with regulatory requirements and its cooperation with law enforcement agencies. The message suggests that Tether is committed to operating within the framework of financial regulation and upholding the integrity of its stablecoin.

The three keywords that summarize the message are:

1. Regulation: Tether emphasizes that it operates under financial supervision and compliance with regulatory requirements.

2. Cooperation: Tether highlights its cooperation with global law enforcement agencies, including the US Department of Justice and other top US agencies.

3. Compliance: Tether clarifies that it does not provide services to US customers, indicating its commitment to complying with US regulatory requirements.