Tether’s USDT Sees Increased Adoption in Sanctioned Countries Amid Investigations

Tether’s USDT stablecoin is reportedly experiencing increased adoption in sanctioned countries, particularly in Eastern Europe, the Middle East, and Africa, according to data from Chainalysis. The trend shows a rise in first-time digital wallet usage during specific time zones in cities like Moscow and Tehran. However, a spokesperson cautioned that these findings are not definitive, and Tether’s CEO denied allegations of investigations by US regulatory agencies regarding anti-money laundering violations.

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Trump’s Crypto Ventures and Legislative Challenges in the Lame Duck Session

Amidst a potential lame-duck session, Rep. Patrick McHenry sees a chance for crypto legislation, including the FIT21 bill, to be attached to a spending bill. Meanwhile, Trump’s involvement in crypto, particularly with his WLF token, raises concerns about conflicts of interest and the Emoluments Clause, as Democrats may resist supporting crypto bills that could benefit the Trump family financially. Senate Majority Leader Chuck Schumer acknowledges the future of crypto but has not prioritized it in his legislative agenda.

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Africa’s Crypto Week: Naira Devalues, Zimbabwe to Regulate, Rwanda Plans CBDC

African countries are navigating economic challenges and exploring digital innovations like crypto and CBDCs. Nigeria’s Naira is devaluing, Zimbabwe plans to regulate crypto, and Rwanda aims to develop a CBDC to boost financial inclusion and move towards a cashless society. These developments reflect the continent’s growing interest in emerging technologies and their potential impact on financial and technological transformation.

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Swiss Re Announces Leadership Change Amid Strong 2023 Performance

Swiss Re, a major reinsurance company, has appointed Andreas Berger as its new CEO, succeeding Christian Mumenthaler. This decision comes after years of underperformance in the company’s stock compared to its competitors, despite a recent turnaround in 2023. The new leadership change aims to steer the company into its next phase of development.

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Enhancing Cross-Border Trade: IOTA and Trademark Africa Revolutionize SPS Data Exchange in East Africa

Trademark Africa has partnered with Sanitary and Phytosanitary regulatory agencies in the East African Community (EAC) to create an information-sharing platform using IOTA technology. This collaboration aims to standardize food safety and plant health regulations across EAC borders, addressing challenges in data exchange. The Trade Logistics Information Pipeline (TLIP) plays a pivotal role in promoting transparency and compliance in Sanitary and Phytosanitary (SPS) measures, fostering a more efficient and secure East African trading community.

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Collaboration between Trademark Africa and EAC SPS Agencies Revolutionizes East African Trade

Trademark Africa and the East African Community (EAC) SPS regulatory agencies have partnered to digitize the exchange of trade documents using IOTA technology. This collaboration aims to improve efficiency and security in East African trade by creating a specialized digital platform for SPS certificates, promoting transparency and unification of food safety standards.

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