Two Thai businessmen who don’t dispute involvement with a pig butchering scam sue Tether over frozen funds, thousands of Asia students access crypto loans. Asia Express.
- Thai businessmen are suing Tether for freezing $42.4 million in USDT, alleging illegal seizure related to a 'pig butchering' scam.
- Thailand is implementing stricter AML regulations, including the Travel Rule for crypto transfers and considering retail access to overseas crypto derivatives.
- Pencil Finance has facilitated a $1 million on-chain student loan cycle for 6,600 underserved students in Southeast Asia, marking a significant step in blockchain-based lending.
Topics: Jurisdictions, Legal regulatory, Integration with defi, Cross jurisdictional policy, Securities law classification, Rwa collateral lending
Tags: #tether #usdt #pigbutcheringscam #cryptoloans #thailand #aml #travelrule #pencilfinance #southeastasia #tokenization
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