Montenegro High Court Approves Kwon’s Extradition: Final Decision Rests with Minister of Justice 25 November 2023

by Александр Пирогов | Nov 25, 2023 | Blog News

The High Court of Podgorica has paved the way for the extradition of Kwon, with the legal prerequisites determined and officially announced on the court’s website. Approval for Kwon’s extradition to either the United States or South Korea has been granted,...

South Korea’s Central Bank Set To Evaluate Digital Currency’s Viability Through Citizen Testing In 2024

by Александр Пирогов | Nov 25, 2023 | Blog News

The Bank of Korea (BOK) — South Korea’s central bank — As part of the innovative CBDC pilot, the selected participants will be granted the unique opportunity to utilize deposit tokens for the purchase of goods. The overarching objective of the pilot program is to...

Belgium Moves to Accelerate EU Blockchain Infrastructure Project

by Александр Пирогов | Nov 23, 2023 | Blog News

Belgium intends to expedite the advancement of a European blockchain infrastructure during its presidency of the Council of the European Union in early 2024, focusing on utilising such technology for the the secure storage of official documents such as driving...

Coinbase calls for crypto rules in letter to United States Securities and Exchange Commission (SEC) citing enforcement action against Kraken

by Александр Пирогов | Nov 23, 2023 | Blog News

Coinbase, a cryptocurrency exchange based in the United States, has reiterated its request to the SEC for a response to its petition regarding the establishment of cryptocurrency rules. In support of its argument, Coinbase cites the recent enforcement action taken by...

New York State Department Of Financial Services (NYDFS) Unveiled New Restrictions | 22 November 2023

by Александр Пирогов | Nov 22, 2023 | Blog News

The new regulation mandates crypto companies submit their coin listing and delisting policies for NYDFS approval. Company policies will be measured against more stringent risk assessment standards set forth by the NYDFS to protect investors. Technological,...

Binance CEO Resigns And Pleads Guilty As Crypto Exchange Pays Us$4.3 Billion In Fines | 22 November 2023

by Александр Пирогов | Nov 22, 2023 | Blog News

The CEO of Binance, Changpeng Zhao, has resigned and pleaded guilty to a US criminal charge for not adequately preventing money laundering, in which he may face imprisonment of approximately 1 to 10 years. Binance, the largest cryptocurrency exchange, has also pleaded...