"USDT over-the-counter trading suspended"


How to inquire about USDT over-the-counter trading being frozen?

2023-06-04 05:16

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The freeze of USDT over-the-counter (OTC) trading refers to the temporary suspension of the trading of USDT between individuals outside of traditional cryptocurrency exchanges. This measure is typically implemented by the platform or entity facilitating the OTC trading in response to regulatory scrutiny, legal concerns, or suspected fraudulent activities involving the USDT stablecoin. The purpose of the freeze is to prevent any further potential harm or risk to users, investors, or the greater cryptocurrency ecosystem until these issues can be properly addressed and resolved.

Release time 2023 06 04

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The freezing of off-exchange USDT transactions refers to the suspension or restriction of the trading of USDT (a type of cryptocurrency) outside of cryptocurrency exchanges. This action may be taken by regulatory authorities or the issuing company in response to concerns such as fraud, money laundering, or security breaches. The freeze on off-exchange USDT transactions aims to protect investors and maintain market integrity.

Release time 2023 06 04

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