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Legal implications and the case of d'Aloia: a turning point for cryptocurrencies

USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.

Despite the landmark ruling affirming that USDT is property, the court could not validate the plaintiff's claim that Bitkub had actually received the stolen digital assets after they passed through crypto mixers.

Stablecoin Issuer Tether was accused by Consumers' Research that it lacked transparency. Tether has not yet responded to the accusations outlined by the firm.

The UK High Court's ruling that Tether is legally property marks a significant step in cryptocurrency regulation, providing clearer legal status for digital assets

Tether is getting slammed again, by the same American consumer watchdog. This time, Consumers' Research is tearing into the company for its lack of transparency regarding the dollar reserves backing USDT.

The United Kingdom High Court has ruled that the stablecoin Tether (USDT) is legally recognized as property under English law.

The T3 Financial Crime Unit has been established to address the increasing number of financial crimes associated with USDT transactions on the Tron blockchain. As one of the largest stablecoins in the market, USDT has become a prime target for various forms of illegal activity, including scams and fraudulent schemes.

It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws.

Consumers' Research has issued a report criticizing Tether transparency problems.

According to the S&P Global ratings agency, Tether scored a 4 out of 5 on its stability assessment, with 5 being the worst rating.

Tether has made a habit of sharing truly massive quarterly profit numbers alongside its attestations reports — and they're bigger than BlackRock's.

Key points

Southeast Asia ride-hailing platform TADA has collaborated with TON Foundation to launch a new Telegram mini app.

The T3 FCU will collaborate with law enforcement to uncover and block criminal uses of USDT.

Tether, Tron, and TRM Labs unit to form T3 Financial Crime Unit to curb illicit crypto activities.

Tether, the world's largest stablecoin issuer, reported a staggering $6.2 billion in revenue for 2023, surpassing the $5.5 billion earnings of global investment titan BlackRock. With only 100 employees compared to BlackRock's 20,000, Tether's extraordinary profitability highlights the growing impact of digital assets on traditional finance.

Tron, Tether and the blockchain intelligence firm, TRM Labs, appears in the T3 Financial Crime Unit (T3 FCU) that aims to address an increased rate of criminal activities associated with the USDT in the TRON ecosystem.

China's Digital Yuan has shown remarkable growth, with transaction volumes surpassing $1 trillion, outpacing the combined activity of stablecoins USDC and USDT. This significant milestone comes after more than ten years of development and four years of rigorous pilot testing across 17 regions, as detailed by Lu Lei, the Deputy Governor of the People's Bank

Aave's recent developments and market performance reflect a positive investor sentiment.

The T3 Financial Crime Unit will work to reduce criminal activity associated with USDT on Tron, collaborating with law enforcement agencies to hold criminals accountable and make victims whole.

Aave's price rises, driven by growing user count, GHO adoption and expanding DeFi market presence.

Tether has invested $100 million in Latin American agro-business Adecoagro to buy into 9.8% of the company.

Telegram-native meme coin DOGS has set a new record, with 17 million users claiming tokens shortly after its launch, as announced on the project's Telegram channel.