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CoinDesk

2023-02-13 16:02:33

Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters

Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters

Paxos Trust Company’s administration of Binance’s stablecoin left it open to use by bad actors, the New York Department of Financial Services told Reuters on Monday.

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