CryptoBlog n.2330
Coinbase filed two Freedom of Information Act (FOIA) requests aimed at the Federal Deposit Insurance Corporation (FDIC) to seek regulatory clarity for digital assets. One request focuses on a reported 15% deposit cap imposed on crypto companies by several banks, while the second seeks FDIC and OCCC FOIA logs to track transparency in regulatory processes.
CryptoBlog n.2329
Montenegro's Justice Minister confirmed a decision on Do Kwon's extradition will be finalized by the end of the week. Kwon, Terraform Labs co-founder, was arrested in 2023 for using forged documents and faces international extradition requests for his role in TerraLUNA's collapse.
CryptoBlog n.2328
Russian cryptocurrency exchanges may soon be required to share client information with law enforcement. The potential regulations, which could be passed by the end of 2024, include obtaining a license, storing customer data for at least five years, and providing client details upon government request.
CryptoBlog n.2327
The Russian Central Bank expects the first international cryptocurrency payments to take place by the end of 2024. Bank Governor Elvira Nabiullina stated that, although there is participant interest, the specifics regarding the transactions and involved parties will remain confidential due to the experimental nature of the legal framework.