Today news
About the same in other media
Paxos ordered to stop minting Binance stablecoin
Reading now: 660
The NYDFS ordered the move “as a result of several unresolved issues related to Paxos’ oversight of its relationship with Binance".In a separate statement, Paxos says it has been notified by the SEC that the watchdog is "considering recommending an action alleging that BUSD is a security and that Paxos should have registered the offering of BUSD under the federal securities laws".The firm says it "categorically disagrees" and that BUSD is not a security under federal laws. "BUSD issued by Paxos is always backed 1:1 with US dollar-denominated reserves, fully segregated and held in bankruptcy remote accounts," the statement continues.
Read more on finextra.comAbout this in other media
Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank cointelegraph.com /1 year ago
Texas Doubles Down on Attempt to Block Binance.US Acquisition of Voyager Digital Assets cryptonews.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
Show more
The website fvbb.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.
![Binance USD [BUSD] maintains its peg even as outflow increases](https://fvbb.com/storage/thumbs_400/img/2023/2/18/55772_luuqu.jpg)
![Filecoin [FIL] makes a stunning comeback in 2023, is this the reason?](https://fvbb.com/storage/thumbs_400/img/2023/2/18/55684_eyl.jpg)
