#transactions
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As a stablecoin that exists independently of the specific blockchains it utilizes for transactions, USDT's adaptability on over 15 blockchains has prompted Tether to offer a fallback for users against potential blockchain failures. The company has unveiled a tool designed for the recovery of USDT tokens across a multitude of blockchains. 
In an effort spanning the last two years, Binance has managed to recompense $4 billion to its users, addressing losses from platform glitches or user errors. This includes mishaps like incorrect deposits or transactions amid blockchain upgrades, with the team rectifying upwards of 381,616 such instances. 
The Central Bank of Nigeria has reversed its directive that barred commercial banks from engaging with cryptocurrency platforms. This change has, however, stirred discontent among P2P traders, who had largely taken over the market after the initial ban. 
Deutsche Bank and SC Ventures have successfully executed the first stablecoin swaps within the Universal Digital Payments Network (UDPN). This platform was established to facilitate transactions using stablecoins and Central Bank Digital Currencies (CBDC). 
The agency highlights that entities like HAMAS and other terrorist groups employ these mixers for illicit activities.
This designation acts as a form of sanction, with stringent reporting requirements for any associated financial transactions. 
Monad's blockchain has entered the Devnet phase, promising an unparalleled 10,000 TPS (transactions per second) per block—quintupling Tron's performance metrics. Its full compatibility with Ethereum, according to the developers, is achieved through an innovative Ethereum Virtual Machine (EVM) designed for parallel processing. 
The US Internal Revenue Service (IRS) has brought on board two former cryptocurrency company employees as consultants to aid in crafting the definitive tax regulations for digital assets. This move will impact all crypto businesses, including exchanges and brokers, requiring them to report all transactions per client. 
Crypto enthusiast Preston Pysh has scrutinized the recent proposals by the Financial Crimes Enforcement Network (FinCEN) aimed at tracking all cryptocurrency transactions. He contends that these rules are in conflict with several US laws and the Constitution, and they do not align with the traditional scope of bank transfers. 
Crypto Regulations in Turkey
Turkey might very well be described as a sanctuary for those trading in cryptocurrency, though this status may not last much longer. The Turkish government has proclaimed that starting in 2024, individuals engaging in virtual asset transactions will be subject to taxation, though this is not the first instance such intentions have been voiced. 
