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Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules

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“If the DOJ wants to freeze something they can contact us,” Ardoino said. “With surgical precision, we can freeze things. But the Treasury puts stuff on the OFAC SDN list and after one minute it’s gone. They should come to us and tell us, ‘look, we are investigating these guys, we plan to sanction these guys, can we please freeze them before we announce it publicly,’ so at least we can lock the funds.”

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