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Tether cryptocurrency emerges as money laundering fears rise

International financial task force calls for more regulation and transparency

The US Department of Justice announced the seizure of the cryptocurrency accounts of Al-Qaeda and the Islamic State of Iraq and the Levant (ISIS) on Aug. 13.

TOKYO -- The use of cryptocurrencies is increasing around the world. While the flow of these assets is not managed by individual governments or central banks, authorities are considering tightening rules as the risk of cryptocurrencies being used in money laundering and to fund crime are increasing.

Tether is an emerging cryptocurrency issued by a Hong Kong company, Tether Limited, and it now has a larger presence than Bitcoin.

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