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Tether vows to freeze assets after Venezuela looks to crypto to bypass oil sanctions

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USDT-issuer Tether says it will block payments made to OFAC-sanctioned entities after Venezuela’s state-run oil company said it increasingly used USDT.

USDT-issuer Tether says it will block payments made to OFAC-sanctioned entities after sources claim Venezuela’s state-run oil company is using USDT to facilitate oil exports.

A spokesperson from Tether told Cointelegraph that the company remains committed to stopping payments linked to Office of Foreign Assets Control sanctioned entities:

 

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