According to breaking information, federal investigators are investigating cryptocurrency company Tether.
According to the information passed by WSJ, the US Treasury Department may impose sanctions on Tether.
The federal government is investigating cryptocurrency firm Tether for possible violations of sanctions and anti-money laundering rules, according to people familiar with the matter.
The criminal investigation, led by prosecutors in the Manhattan U.S. attorney's office, is examining whether cryptocurrencies were used by third parties to finance or launder proceeds of illegal activities such as drug trafficking, terrorism and computer hacking.
*This is not investment advice.