FATF Compliance Effort Adds Huobi, Bitfinex and Tether to Governance Task Force
Shyft Network is adding Huobi, Bitfinex and Tether to its crypto-focused anti-money laundering platform as the sector ramps up FATF compliance efforts.
Bitfinex and Tether shouldn’t need more than two months to produce documents about USDT issuances and past operations in New York first ordered 17 months ago, an NYAG lawyer argued in a letter Monday.
The New York Attorney General's office wants Tether and Bitfinex to immediately turn over documents detailing a $900 million line of credit.
A New York judge ordered Bitfinex and Tether to turn over financial documents to the New York Attorney General's office, but left the timing to the parties to coordinate.
The raise came after the new trading platform reached nearly $10 million in aggregate trading volume.
Lawyers for Tether and Bitfinex parent iFinex have said a class action accusing them of market manipulation relies on unfounded allegations.