Odaily Planet Daily News Tether modified its terms of service (ToS) in Singapore, restricting the USDT redemption rights of certain customers. According to Julian Hosp, CEO of Cake Group, who posted on the
Some community members pointed out that Tether’s recent terms of service changes occurred against the backdrop of one of the largest cryptocurrency money laundering scandals in Singapore. Others believe that the change in USDT redemption terms may be an issue specific to Cake Group, as the email was marked as Enhanced Due Diligence (EDD) and therefore may involve cooperation issues between the two companies. As of now, Tether has not responded to Cointelegraph’s confirmation email. (Cointelegraph)