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Transak, a fiat-to-crypto solutions provider, has received its Digital Currency Exchange (DCE) license from the Australian Transaction Reports and Analysis Centre (AUSTRAC), the chief regulatory body of the country’s crypto landscape, according to the reports shared with Finbold on Thursday, March 6. Similar to a Virtual Asset Service Provider (VASP) license in other regions, the registration enables Transak to offer its services as a fully compliant and transparent digital currency exchange in Australia.  G'day Australia! Transak is now approved as a Digital Currency Exchange in Australia! Read more on @DecryptMedia – https://t.co/vG2IudzjRw pic.twitter.com/YMAg8kNch0 — Transak (@Transak) March 6, 2025 Transak’s DCE registration  Primarily, the DCE registration ensures that Transak observes all anti-money laundering (AML) and counter-terrorism financing (CTF) regulations in the country. ...

Tether USDT integration with Bitcoin’s Lightning Network represents a major step for faster crypto transactions and cryptocurrency adoption. The world’s largest stablecoin issuer announced this development at the Plan B conference in El Salvador. USDT will now work directly on Bitcoin’s system, and this is making all transactions quicker and cheaper at the same time. Source: Tether.io Also Read: Top 3 Cryptocurrencies To Watch This Weekend How the Tether USDT Integration with Bitcoin Lightning Improves Crypto Transactions Source: Watcher Guru The Technical Framework Source: Lightning.network The Tether USDT integration uses Taproot Assets, which was created by the Lightning Labs company. This system allows USDT to work perfectly on both Bitcoin’s main network and the Lightning Network. Some experts say this mix of Bitcoin’s safety and Lightning’s speed makes transactions much better. Impact on Global Payments USDT handled over $10 trillion in transact...

In a new report, the U.S. Treasury officially named Bitcoin ‘digital gold .’ BTC’s price explosion past $100,000 and strong cryptocurrency adoption in 2024 signal some major changes in how institutions view digital assets. Also Read: Iran Embraces Crypto: A Bold Plan to Dodge Sanctions as Crypto Holds 1/3 of National Gold US Treasury Recognizes Bitcoin as Digital Gold: What This Means for Crypto Investors BTC as Digital Gold: Treasury’s Official Stance The U.S. Treasury report makes it clear: “the primary use case for bitcoin seems to be a store of value aka ‘digital gold’ in a decentralized finance (DeFi) world.” Federal Reserve Chairman Jerome Powell agrees: “It’s just like gold, only it’s virtual. It’s not a competitor for the dollar, it’s really a competitor for gold.” This U.S. Treasury Bitcoin recognition shows how government views are changing. Jerome Powell Live at DealBook Summit 2024 https:...