Useful articles from category "Legal and Regulatory"

Dogecoin (DOGE) with the image of a Shiba Inu dog called Kabosu as its logo, is one of the most popular and successful memecoins. It is considered an altcoin and was launched in December 2013.

It’s no secret that president Donald Trump is a big supporter of cryptocurrency and blockchain technologies. Initially a huge crypto sceptic, he then became one of many people dreaming of making the USA the crypto capital of the world.

In 2024, according to Cyvers, hacks and frauds in the crypto industry resulted in users losing more than $2.3 billion. Some of the biggest crypto attacks of the year include WazirX, Radiant Capital and DMM Bitcoin with losses of hundreds of millions of dollars in each case. This is why smart contract vulnerabilities in the DeFi sphere are increasingly showing the need to implement robust identity detection and verification mechanisms such as KYC.

The growing popularity of cryptocurrencies has led to the emergence of alternative financial services, which can be used to solve financial problems faster and more efficiently compared to the traditional market. The history of crypto-loans began with the blossoming of DeFi in 2020. 

Tether (USDT) represents a form of stablecoin engineered to preserve a steady value by anchoring it to a reserve asset, typically a fiat currency such as the US dollar. Operating across diverse blockchain networks, including Bitcoin and Ethereum, Tether serves multiple functions.

Facilitating liquidity and price stability in cryptocurrency exchanges, USDT enables users to seamlessly transfer funds between various digital assets and fiat currencies.

Tether (USDT) represents a form of stablecoin engineered to preserve a steady value by anchoring it to a reserve asset, typically a fiat currency such as the US dollar. Operating across diverse blockchain networks, including Bitcoin and Ethereum, Tether serves multiple functions.
Facilitating liquidity and price stability in cryptocurrency exchanges, USDT enables users to seamlessly transfer funds between various digital assets and fiat currencies.

Today, Ukraine stands on the verge of significant changes in the field of cryptocurrencies, which could have a substantial impact on the country’s economy. The virtual assets market, despite its lack of regulation, shows great growth potential. The National Securities and Stock Market Commission (NSSMC) is making significant efforts to implement a legal framework for crypto asset circulation. This could be an important step in forming a transparent and stable economic system.

What is USDT? USDT (Tether) is a stable cryptocurrency pegged to the US dollar. It was created to provide users with the ability to preserve the value of their assets in the face of high volatility in the cryptocurrency market. USDT represents a digital asset that maintains a fixed exchange rate with fiat currency, typically the US dollar. This stability makes it one of the most popular stablecoins in the market.

In recent weeks, a troubling trend has emerged in Ukraine: some banks have begun charging up to 30% in fees for closing accounts, particularly in situations where this occurs due to violations of financial monitoring rules. This issue has sparked outrage among customers who consider such practices unlawful.