|Day's Range||0.9996 - 1.0011|
|52 Week Range||0.9940 - 1.0280|
|Volume (24hr) All Currencies||108.53B|
US agencies will urge Congress to pass legislation that states these coins should be regulated like bank deposits, Bloomberg said.
Stablecoin issuer Tether announced on Tuesday that it has begun a trial partnership with Notabene to help it combat money laundering in cross-border transactions. The partnership with the startup, which provides software to crypto exchanges to help them identify their users and track transactions, will help Tether to comply with the Financial Action Task Force’s (FATF) “travel rule,” which requires financial institutions to exchange customer information for both senders and recipients of relevant transactions. The FATF is a Paris-based global, money-laundering watchdog.
The recommendations may lead to greater powers for the SEC to pursue enforcement actions against certain cryptocurrencies.