Tether, issuer of the world’s largest stablecoin, USDt, has frozen over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space.

Tether froze the USDt ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/tether-price-index” title=”null”>USDT) at 9:15 am UTC Sunday on Tron, blockchain data-ct-non-breakable=”null” href=”https://tronscan.org/#/transaction/c64a73e2c6d9b21400abbcbead63021255006dcd6bf80c20835b4a196cbb1554″ rel=”noopener nofollow” target=”_blank” title=”null”>data from Tronscan showed.

While Tether has not issued a public statement, the freeze may stem from concerns over potential sanctions violations or Anti-Money Laundering (AML) risks.

“Tether enforces a strict wallet-freezing policy to combat money laundering, nuclear proliferation and…

Tether, issuer of the world’s largest stablecoin, USDt, has frozen over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space.

Tether froze the USDt ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/tether-price-index” title=”null”>USDT) at 9:15 am UTC Sunday on Tron, blockchain data-ct-non-breakable=”null” href=”https://tronscan.org/#/transaction/c64a73e2c6d9b21400abbcbead63021255006dcd6bf80c20835b4a196cbb1554″ rel=”noopener nofollow” target=”_blank” title=”null”>data from Tronscan showed.

While Tether has not issued a public statement, the freeze may stem from concerns over potential sanctions violations or Anti-Money Laundering (AML) risks.

“Tether enforces a strict wallet-freezing policy to combat money laundering, nuclear proliferation and…