Crypto: New York regulator orders Paxos to halt creation of new Binance tokens
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Crypto: New York regulator orders Paxos to halt creation of new Binance tokens
Crypto: New York regulator orders Paxos to halt creation of new Binance tokens
Yahoo Finance’s Jennifer Schonberger joins the Live show to discuss news that the New York State Department of Financial Services has ordered crypto firm Paxos to halt the creation of new BUSD tokens.
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Crypto: New York regulator orders Paxos to halt creation of new Binance tokens
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Yahoo Finance’s Jennifer Schonberger joins the Live show to discuss news that the New York State Department of Financial Services has ordered crypto firm Paxos to halt the creation of new BUSD tokens.
The Wall Street JournalRegulator Orders Crypto Firm Paxos to Stop Issuing Binance Stablecoin
Paxos Trust will stop issuing one of the largest dollar-pegged cryptocurrencies, as a government clampdown on the sector widens.
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ReutersBinance stablecoin backer ordered to stop issuing token
LONDON (Reuters) -New York's chief financial regulator has ordered Paxos, the company behind the stablecoin of major crypto exchange Binance, to stop issuing the token, Paxos and the regulator said in separate statements on Monday. The Binance USD (BUSD) stablecoin, one of the world's biggest, is issued and redeemed by New York-based Paxos Trust Company, both of which are regulated by the New York Department of Financial Services (NYDFS).
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