Tether responds to UN allegations: Blockchain technology plays an important role in combating financial crime

ChainCatcher news, Tether responded to the United Nations' allegations, stating that it opposes the characterization of USDT as the preferred tool of criminals. It collaborates with global law enforcement agencies, including the Department of Justice, the FBI, and the NSA. Furthermore, the company claims that the report overlooks the critical role of blockchain technology in detecting and preventing illegal activities.

According to previous reports, The Block cited a Financial Times report stating that a report released by the United Nations Office on Drugs and Crime on Monday indicated that USDT has become one of the primary payment methods for money launderers and fraudsters operating in Southeast Asia, as warned by the United Nations.