In separate news, major cryptocurrency exchanges Bitfinex and Tether have shifted their stance on a Freedom of Information Law (FOIL) request. The firms, no longer opposing the request, expressed their commitment to transparent practices. However, they emphasized the need for a responsible document review before any information is publicly disclosed. The FOIL request originated from a February 2021 agreement between Bitfinex, Tether, and New York regulators over allegations of fund commingling. The companies paid fines and agreed to submit quarterly attestation reports as part of the settlement. (Source: Coin Telegraph)
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