Terraform Labs co-founder Do Kwon was handed over to United States legislation enforcement by authorities in Montenegro after a months-long battle over the place he can be extradited.
Montenegrin Prime Minister Milojko Spajić stated in a Dec. 31 X submit that Kwon was in US custody and would face criminal charges within the case involving the collapse of Terra.
Kwon’s handover to the US occurred 4 days after the Montenegrin Justice Minister Bojan Božović authorized the extradition, rejecting a petition from South Korea, regardless of Kwon holding citizenship and going through expenses there.
Each the US and South Korea had filed expenses in opposition to the Terraform Labs co-founder and a few Terraform executives, however Kwon’s whereabouts have been unknown till he was arrested in Montenegro in 2023.
South Korean court docket points arrest warrant for impeached President Yoon
On Dec. 31, 2024, the Seoul Western District Court docket authorized an arrest warrant for President Yoon Suk Yeol for trying to impose martial legislation in early December.
In response to a Korea Herald report, Yoon, who was impeached and suspended from workplace after the try, is the primary sitting South Korean president to face an arrest warrant granted by a court docket.
After Yoon didn’t report for questioning for the third time, a joint investigative process pressure requested an arrest warrant for him.
Yoon was stripped of energy on Dec. 14 when the nation’s parliament voted to question him. He was changed by Deputy Prime Minister and Finance Minister Choi Sang-mok as interim president.
Professional-crypto lawyer John Deaton gives to probe Operation Chokepoint 2.0
On Jan. 4, former US prosecutor and crypto advocate John Deaton supplied to guide a probe for the incoming Trump administration into Operation Chokepoint 2.0, an alleged initiative that aimed to chop crypto firms out of the normal banking system.
Deaton stated in an X submit that Operation Chokepoint 2.0 “creates a harmful precedent the place regulatory our bodies can quietly suppress total industries they disfavor” if left unchallenged.
Effectively-known for his efforts to assist Ripple’s authorized battle with the US Securities and Change Fee (SEC), he stated he would “settle for the duty with out wage.”
Deaton’s provide adopted on the heels of a court docket order permitting crypto alternate Coinbase to acquire unredacted recordsdata from the Federal Deposit Insurance coverage Company to analyze their function within the unconfirmed operation.
China tightens crypto commerce oversight with new foreign exchange guidelines
On Dec. 31, the South China Morning Publish reported that the Chinese language overseas alternate regulator had launched overseas alternate guidelines that require the nation’s banks to observe and flag dangerous trades that contain crypto property.
The report said that mainland China’s new guidelines would make it tougher for residents to buy digital property and use them for cross-border playing, underground banks and unlawful cross-border monetary actions.
China’s regulators may also require that banks monitor the actions primarily based on the identification of the establishments and people concerned, the sources of their funds and the frequency of their trades.
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