The Issuer of the largest Stelkina Tether concluded an agreement with NotaBene, which specializes in identifying digital assets, indicated in a press release. Tether will be the first cryptophyram, which will start collecting data on its customers.
The company will follow users to combat money laundering and financing terrorism, as well as to monitor compliance with sanctions. In addition, the measure will allow you to better protect Tether product buyers – USDT stelkin, tied to the dollar in a 1: 1 ratio. “Thanks to NotaBene Tether, the complex scenarios of the use of cryptocurrencies in the atmosphere of cooperation and low risk will be able to test,” the company says.
The Intergovernmental Organization “The Money Laundering Group” (FATF) recommended that companies operating with digital assets, obey the same rules as regulated financial organizations. Among other things, firms were advised to store and transfer data on customers that make cryptocurrency transfers to the amount above established in the threshold document. Tether approved these recommendations and stated that the Partnership with NotaBene will help the company comply with these rules.
Working Group on Financial Markets under the US President (PWG) is developing guidelines for regulating the treatment of stelumes in the country. The document will be presented until November 1. According to preliminary data, new powers to work with this type of cryptocurrency will receive the Securities and Exchange Commission (SEC) and the Commission on Emergency Exchange Trade (CFTC).
In September, a group of American activists representing the interests of investors sent a letter to the chairman of the SEC Gary General to strengthen control over the stelkins. In early October, the International Monetary Fund (IMF) called the capitalization of the market capitalization of stable coins by a threat to the global financial system. In 2021, the total value of all the stelkopins rose four times to 120 billion dollars.