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As a result, Tether will hold firm on the decision not to freeze Tornado Cash related addresses, and awaits instructions from law enforcement. Tether also said that Even if Tether recognizes suspicious activities on such an address, completing a freeze without the verified instruction of law enforcement and other government According to BlockBeats, on August 24, USDT issued an official Tether statement, saying that it has not received any instructions from law enforcement authorities to freeze the OFAC Tether is upholding its decision not to freeze sanctioned wallet addresses with ties to Tornado Cash because it has not received any requests from US law enforcement On Wednesday, U.S. dollar stablecoin issuer Tether said that it would not freeze smart contract addresses sanctioned by the United States Office of Foreign Assets

USDT stablecoin issuer Tether awaits instructions law enforcement regarding sanctioned addresses linked to Tornado Cash. Concerns have been raised about whether Tether will freeze assets associated with the crypto mixing service, following sanctions imposed by the United States Office of Foreign Assets Control (OFAC). Read more about the Tornado Cash situation here.

Tether\'s Stance on Tornado Cash Addresses

According to BlockBeats, on August 24, USDT issued an official Tether statement, saying that it has not received any instructions from law enforcement authorities to freeze the OFAC sanctioned addresses. Tether is upholding its decision not to freeze sanctioned wallet addresses with ties to Tornado Cash because it has not received any requests from US law enforcement. This means that, for now, transactions involving these addresses can continue.

On Wednesday, U.S. dollar stablecoin issuer Tether said that it would not freeze smart contract addresses sanctioned by the United States Office of Foreign Assets. This decision has sparked debate within the cryptocurrency community, with some arguing that Tether has a responsibility to comply with sanctions and others raising concerns about censorship and privacy.

Why Tether Awaits Instructions From Law Enforcement

As a result, Tether will hold firm on the decision not to freeze Tornado Cash related addresses, and awaits instructions from law enforcement. Tether also said that Even if Tether recognizes suspicious activities on such an address, completing a freeze without the verified instruction of law enforcement and other government bodies could be premature and potentially detrimental. Tether emphasizes its commitment to complying with legal and regulatory requirements, but also highlights the need for clear directives before taking action that could impact legitimate users.

The situation remains fluid, and Tether awaits instructions law enforcement agencies to determine the appropriate course of action regarding Tornado Cash related addresses. Stay tuned for updates as this story develops.

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