Crypto USDT: The USA tightens the screws on Russia.

Russia, despite the sanctions, has been defying the West since its invasion of Ukraine in February 2024. Faced with this, the United States and Europe are looking for new tactics to weaken the Russian bear, including restrictions on cryptocurrencies and crypto exchanges.

Sanctions against Russia: USDT, a New American Financial Weapon

Some sanctions have had an impact, such as the case with the crypto exchange Binance, which was forced to withdraw from Russia. Furthermore, Joe Biden’s team has successfully persuaded India to abandon Russian oil in favor of American oil, striking at Russia’s economic weapon.

DEPUTY SECRETARY OF US TREASURY CLAIMS RUSSIA HAS 'TURNED TO' TETHER’S $USDT STABLECOIN

– Deputy Secretary of the US Treasury, Wally Adeyemo, today issued a statement featuring some shocking claims around Russia and @Tether_to’s $USDT stablecoin.

– The statement’s purpose is to… https://t.co/IdjGm2VeX8 pic.twitter.com/m68UVCezRR

— BSCN (@BSCNews) April 9, 2024

It comes from the Deputy Secretary of the Treasury, Wally Adeyemo, a clear intent to tackle the complexities of virtual finance, as indicated by the press release dated January 9th. In a context where Russia appears to defy Western sanctions, it’s time for action. The United States, with their experience in countering terrorist financing, deploy aggressive strategies to dry up illicit funding sources. In this regard, the increasing use of digital assets by terrorist groups and state actors represents a major concern.

With a keen eye on the activities of North Korea and Russia, the Deputy Secretary unveils measures aimed at strengthening surveillance and law enforcement in the field of digital assets. Through his reform proposals, he aims to hit where it hurts: targeting foreign providers of digital assets that facilitate illicit crypto financing.

Similarly, he seeks to modernize existing authorities to better grasp key players in this constantly evolving ecosystem. Finally, he is addressing the jurisdictional risk related to offshore cryptocurrency platforms, thus disclosing a global and coordinated strategy.

In this battle for financial transparency, Tether’s USDT is specifically mentioned. The fight against illicit financing requires a response adapted to the digital age, and the Deputy Secretary is committed to meeting this challenge with determination.

Crypto: A New Challenge in the Fight Against Terrorist Financing

In the fight against terrorist financing, it appears that cryptocurrencies are becoming a new source of concern for authorities. Indeed, Wally Adeyemo reveals the schemes of Al-Qaeda using Bitcoin (BTC) to launder money through social media platforms. Similarly, the Islamic Revolutionary Guard Corps transfers cryptos to Hamas and Palestinian Islamic Jihad.

In response to these tactics, authorities are on high alert, fearing an increased concealment of the identities of malevolent actors and their resources through virtual currencies.