Today news
About the same in other media
Breaking: Paxos reportedly ordered to stop issuing Binance USD
Reading now: 992
The New York Department of Financial Services has reportedly ordered blockchain company Paxos Trust Co. to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin.
The New York regulator's actions come shortlyafter the United States Securities and Exchange Commission issued a Wells Notice to Paxos — a letter the regulator uses to tell companies of planned enforcement action. The notice alleged that Binance USD is an unregistered security.
The NYDFS has reportedly asked Paxos to stop creating more of its BUSD token. Paxos will continue to manage redemptions of the product, according to a Binance statement.
This is a developing story, and further information will be added as it becomes available.
Read more on cointelegraph.comAbout this in other media
Coinbase to suspend trading of Binance USD (BUSD) ambcrypto.com /1 year ago
Today in Crypto: US Fed Denies Custodia Bank’s Membership Request, Dapper Labs Lays Off 20% of Staff, Block Reports $1.66BN Profit for Q4, Binance Finds 500 ‘Incorrectly Classed’ Aussie Users cryptonews.com /1 year ago
FTX Japan reports $50M in withdrawals since Feb. 21 cointelegraph.com /1 year ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Filecoin [FIL] makes a stunning comeback in 2023, is this the reason?](https://gocryptonft.com/storage/thumbs_400/img/2023/2/18/88898_vrxm.jpg)
