TechFlow reports that Tether has announced a new initiative aimed at safeguarding the cryptocurrency ecosystem. On December 1, 2023, the company decided to launch a voluntary wallet freezing policy to combat activities linked to individuals and entities listed on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list, including companies and individuals controlled by or located in sanctioned countries. Tether is now extending this policy to the secondary market and has already implemented sanctions controls on wallets across its platform.
To comply with this policy, Tether has taken additional precautionary measures, including freezing wallets previously added to the SDN list.
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