fbpx
Skip to content Skip to sidebar Skip to footer

Tether Fights Child Abuse Material Marketplaces in Collaboration With INHOPE

tether Bitfinex nyag delay

In partnership with INHOPE, Tether seeks to reduce controls and on cryptocurrency payments made in marketplaces for child abuse content.

The stablecoin operator will partner with INHOPE, a global network fighting online child sexual abuse material (CSAM), to share information, coordinate with stakeholders, and impose sanctions on problematic actors in the cryptocurrency ecosystem.

The blog post writes that it seeks to establish a model for the sector at large and provide a best practise for how cryptocurrency businesses may recognise and report CSAM marketplaces more quicker.

According to Tether CTO Paolo Ardoino, the company is collaborating with law enforcement, financial intelligence agencies, politicians, and international standard-setting organizations to create risk-mitigating regulations.

“Working alongside law enforcement, financial intelligence units, lawmakers and standard-setting bodies worldwide, Tether is committed to being a positive force in the crypto space by highlighting the risks of child exploitation and to help organise sensible risk mitigating controls in the cryptocurrency industry.”

 

Paolo Ardoino, Chief Technology Officer at Tether

With a network of communication hotlines that encompasses all of the European Union’s member states, Russia, South Africa, North and South America, Asia, Australia, and New Zealand, INHOPE has been in operation for over 20 years.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020-2023}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in blockchain, crypto, Web3, fintech and technology.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us