🪙 In order to strengthen controls, the Swiss Financial Market Supervisory Authority (FINMA) is introducing new legislation for stablecoin issuers.
FINMA classifies stablecoin issuers as financial intermediaries, highlighting the increased risks associated with money laundering and sanctions evasion associated with these digital assets.
FINMA classifies stablecoin issuers as financial intermediaries, highlighting the increased risks associated with money laundering and sanctions evasion associated with these digital assets.
🪙 Tether Holdings Limited published its audit report for the second quarter of 2024, achieving record net income of $5.2 billion in the first half of 2024 and net operating income of $1.3 billion in the second quarter. Tether's holdings of US Treasuries reached $97.6 billion, ranking it 18th among US debt holders in the world.
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💫 #Fantom conducted a rebranding in #soniclabs.
Within the framework of phased migration, it is supposed to release a new token S-it will be represented after the launch of the L1-network and L2-bridge in November/December. After that, FTM holders will be able to convert them into S in a ratio of 1: 1.
Within the framework of phased migration, it is supposed to release a new token S-it will be represented after the launch of the L1-network and L2-bridge in November/December. After that, FTM holders will be able to convert them into S in a ratio of 1: 1.