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Regulatory body, NYDFS, imposes a fine of $26.5 million on Paxos for their ties with Binance, demanding necessary compliance modifications.

NYDFS Commanded Paxos Trust in February 2023 to Cease the Emission of Binance BUSD Stablecoin.

Financial regulatory body NYDFS imposes a penalty of $26.5 million on financial institution Paxos...
Financial regulatory body NYDFS imposes a penalty of $26.5 million on financial institution Paxos due to its association with Binance, and demands corrective measures to ensure compliance.

Regulatory body, NYDFS, imposes a fine of $26.5 million on Paxos for their ties with Binance, demanding necessary compliance modifications.

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