Key Takeaways U.S. Senate PSI flags USDT as a key liquidity rail for Iran in 1 new report. GCC VASPs face higher sanctions risks as USDT links complicate 24/7 screening. Soham Jethani says UAE VASPs must strengthen KYC and counterparty checks US Senate Inquiry Heightens Sanctions Compliance Burden Findings by the U.S. Senate Permanent Subcommittee on Investigations (PSI) identifying stablecoins, particularly tether (USDT), as a key liquidity engine powering Iran’s shadow banking apparatus signal that Western authorities may no longer view reactive compliance as sufficient. For licensed virtual asset service providers (VASPs) operating across the Gulf Cooperation Council (GCC), the …
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Igloo, the parent company of Pengu crypto, will shut down Abstract on Dec. 15, 2026, and users must move their assets before the deadline or …
ADA is down the most today among the larger-cap alts. It was just yesterday that we wrote about ADA breaking out, as the asset …
