CFTC fines Tether US$41M for misleading claims about currency backing

Bloomberg | Jesse Westbrook | Oct 15, 2021 Tether will pay US$41 million to settle allegations it lied in claiming its digital tokens were fully backed by fiat currencies, putting a major compliance headache behind the world’s biggest issuer of stablecoins even as regulatory scrutiny intensifies. For years, Tether told customers and the broader cryptocurrency

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