M
Member
Speaking in the House of Lords on 17 September 2025
Debate
Financial Services (Overseas Recognition Regime Designations) Regulations 2025Contribution
This is happening in some areas that we would all condemn. Tether stablecoin is the “cryptocurrency du jour” in the world of money laundering and is used widely to enable sanctions-busting by Russia and by organised crime, especially drug traffickers. I am sure that the NCA will gladly explain that to the Government if they are not entirely aware of it.
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