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Coin Edition

2023-02-13 11:51:00

NYDFS Orders Paxos To Stop Issuing Binance USD Stablecoin

NYDFS Orders Paxos To Stop Issuing Binance USD Stablecoin

The New York Department of Financial Services (NYDFS) has reportedly ordered Paxos to stop mining new Binance USD (BUSD) stablecoins. The order to stop issuing BUSD comes just hours after Paxos was served a Wells notice by the Securities and Exchange Commission (SEC) for allegedly violating investor protection laws. According to a recent report, the The post NYDFS Orders Paxos To Stop Issuing Binance USD Stablecoin appeared first on Coin Edition .

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