Tether Forbidden From Transferring to Bitfinex By NY SC

The Supreme Court of New York had ruled that the Tether should cease issuing loan funds to its associated exchange Bitfinex. The Judge Cohen wrote: “The Court finds that the preliminary injunction should be tailored to address OAG’s legitimate law enforcement concerns while not unnecessarily interfering with Respondents’ legitimate business activities.” But Tether reaffirmed that “it remain committed, as ever, to protecting our customers.”

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