The post Tether and Bitfinex Reaffirm Commitment to Transparency Amidst FOIL Request appeared first on Coinpedia Fintech News
Tether and Bitfinex, two leading entities in the cryptocurrency industry, have reiterated their unwavering commitment to transparency while addressing concerns surrounding a recent New York Freedom of Information Law (FOIL) request. The companies have emphasized that transparency does not equate to an indiscriminate release of all documents, highlighting the importance of responsible disclosure practices.
Transparency as a Core Principle
Tether and Bitfinex have consistently upheld transparency as a fundamental tenet of their operations. This commitment is evident in their past actions, such as Tether’s decision to drop opposition to a FOIL request brought by Coindesk earlier this year. However, the companies emphasize that transparency should not be misconstrued as an unfettered release of all documents, a practice that deviates from standard business norms.
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