Web3 Diaries- Donald Trump Promises To “Never Allow” CBDC If Elected
During a campaign event in New Hampshire, former president and front-runner for the Republican leadership, Donald Trump, pledged to outlaw the development of a central bank digital currency (CBDC).
Together with crypto-friendly former contender Vivek Ramaswamy, who just called off his candidacy, Trump declared on stage, “As your president, I will never allow the creation of a central bank digital currency.”
Central banks issue and regulate CBDCs, which can be digital versions or tokenized versions of cash and may or may not use blockchain as an underlying technology.
EU Approves Tough Crypto Due Diligence Measures to Combat Money Laundering
On Wednesday, the European Union moved a step closer to regulating virtual digital currencies. Policymakers of this supranational political and economic union of 27 member states have approved a provisional deal on parts of a comprehensive regulatory package to combat money laundering. The move will force all crypto firms to run due diligence on their customers.
The Anti-Money Laundering Regulation (AMLR) is a broad-stroke effort to combat sanctions evasion and money laundering. It includes the creation of a single rulebook and sets up a supervisory authority that will also have purview over the crypto sector.
dYdX Tops Uniswap as the Largest DEX by Volume
A change is always good for the better. That phrase suits perfectly to the decentralized exchange dYdX. It recently migrated from Ethereum to Cosmos, and the net effect is that it has become one of Uniswap’s largest DEXs by daily trading volume, according to data from CoinMarketCap.
The Cosmos-based v4 version of dYdX just saw $757 million of volume over a 24-hour period, topping Uniswap v3, which had $608 million, the data shows. dYdX’s v3 market, which still operates, had $567 million, enough for third place.
According to dYdX, the total trade volume so far for its v4 market since launch is $17.8 billion. In 2023, dYdX’s v3 saw a total of over $1 trillion in trading volume, with several days exceeding $2 billion in trading volume.
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