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Blockchain DXB: Crypto & Coffee at 8 ☕ 🚨 Dubai: 04th March 🚨 FDUSD vol > USDC 🟠 BTC daily withdrawal = $2B ❌ UK Law to Seize Crypto 🔵Indonesia wants better taxation 🟢 Nigeria Detains Binance Exec
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04th March : Crypto & Coffee at 8
🚨 Binance FDUSD vol > Circle USDC 🟠 Bitcoin daily withdrawals = $2B, ❌ UK Law to Seize Crypto Assets 🔵Indonesia wants better taxation 🟢 Nigeria Detains Binance Executives
Stablecoin volume is $82.66B out of $95.51 via CoinMarketCap See slides 1 & 2 BinanceFDUSD volume has overtaken Circle USDC 24-hour volume. Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts for more info on this
🔴 James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged multibillion-dollar BTC withdrawals via his post on Twitter here https://lnkd.in/dn4YFvWi Just over $2.3B worth of #Bitcoin left exchanges. One of the biggest withdrawals in over 5 years.
❗ Bitcoin leaving exchanges = HODL = More Demand = Higher Price
🔴 Starting April 26, 2024, UK law enforcement will gain more power to seize crypto assets linked to crime, including terrorism. This follows approval of secondary legislation under the Economic Crime and Corporate Transparency Act 2023. The provisions enable authorities to freeze and confiscate such assets, including through civil recovery and crypto asset confiscation orders.
- More info via CoinDesk here https://lnkd.in/dbmAA27B
💡 But how will law enforcement freeze and confiscate crypto assets associated with criminal behaviour?
💡 $20 Baton test and one may easily spil the private keys?
🔴 An official from Indonesia’s crypto regulator, Bappebti, has urged the Finance Minister to reconsider tax rates for digital assets. Currently, cryptocurrencies are treated as commodities and are subject to value-added tax (VAT) and income tax. However, with crypto oversight transferring to the broader financial services regulator OJK in 2025, there’s a call for tax review. Tirta Karma Senjaya from Bappebti highlighted the need for this review, noting that tax regulations typically undergo annual checks, emphasizing the evolving nature of the crypto landscape. More info via Bisnis Indonesia Group here https://lnkd.in/dmYJb64w
🔴 Nigerian authorities are intensifying their investigation into Binance, demanding access to customer data and probing whether the crypto exchange is involved in terrorism financing and money laundering. The detention of two Binance executives marks a serious escalation in the dispute between the Ni