Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
Summary by Cointelegraph
Paxos officially announced that it would end its relationship with Binance for the branded USD-pegged stablecoin BUSD.
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South China Morning Post
Binance stablecoin BUSD faces regulatory scrutiny in US, Paxos to stop minting
After the New York State Department of Financial Services directed Paxos Trust to stop issuing new BUSD tokens, the company said it will support reserves for 12 months.
Binance Stablecoin Issuer Paxos To Stop Minting BUSD Token After NYDFS Guidance
The regulatory clampdown against the ailing crypto sector was turned up a notch in the US on Monday, adding a major stablecoin issuer and the world’s largest exchange Binance to the roster of digital-asset companies under fresh scrutiny.
Paxos receives U.S. SEC notice over Binance's stablecoin 'BUSD'
(Reuters) - Paxos said on Monday it had received a notice from the U.S. Securities and Exchange Commission stating it is considering recommending an action alleging that BUSD is a security and the blockchain firm
