FDUSD Market Cap Jumps By 20% Following Binance Directive
The First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently launched on June 1, 2023, debuting on the Ethereum network and the BNB Smart Chain. The token was officially listed for specific trading pairs on the crypto exchange in July. Related Reading: Binance Will Halt These 39 Liquidity Mining Pools This Week Binance’s Directive Drives Adoption Of FDUSD On August 31, Binance confirmed reports of intention to halt support for Binance USD (BUSD)....
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PERP, the native token of Perpetual Protocol, is one of the top-performing assets, looking at price action in the past 48 hours. As of September 6, the token is changing hands at $0.78, adding roughly 90% from August 2023 highs. Amid this stellar performance, reports reveal that the Perpetual Protocol Foundation has transferred 903,000 PERP worth approximately $691,000 to Binance, the world’s largest cryptocurrency exchange by trading volumes and client count. PERP Ripping Higher After Dumping In Q2 2023 According to Lookonchain, a blockchain analytic platform, the wallet associated....
Cryptocurrency is a point of focus in President Joe Biden’s new directive aimed at combating corruption as a core national security interest of the U.S. An official of the Biden administration says that major parts of the directive will focus on cryptocurrency and cybercrime. Crypto a Focus in Biden’s New Directive for National Security President Joe Biden has issued a new directive to federal agencies to prioritize efforts to confront global anti-corruption. It was published in the “Memorandum on Establishing the Fight Against Corruption as a Core United States National....
The European Parliament and the Council of the European Union have proposed amending a directive on preventing money laundering and terrorist financing that will require cryptocurrency exchanges and wallets to identify suspicious activity, a directive that would include identifying bitcoin users. The directive constitutes the main legal instrument to prevent the EU financial system from being used for money laundering and terrorist financing. The directive, to be transposed by June 26, 2017, establishes a framework to require member states to identify and mitigate risks related to money....
Triggered by the Paris and Brussels attacks, the proposed EU directive seeks to introduce stricter rules on the use of virtual currencies and prepaid cards. How will this affect Bitcoin and digital payments in general? CoinTelegraph spoke to Siân Jones, Founder of European Digital Currency and Blockchain Technology Forum, about the proposal and its possible outcomes. Anti-Money Laundering Directive. As Siân Jones told us, EU officials had been working on the new law since February, talking with virtual currency and prepaid card stakeholders and others, to draft the proposed new directive....
The Finnish Central Board (CBT) of taxes today declared that exchanges were providing "banking services." The commission rates charged by exchanges were, therefore, in accordance with the EU VAT Directive, exempt from VAT (Value Added Tax). EU Directives, such as the VAT Directive, specify certain goals to be achieved by member states. The member states are granted considerable discretion as to how they will achieve these goals (see Article 288 of the Treaty on the Functioning of the European Union). "EU Regulations," in contrast, specify both the goals and the means by which States must....