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Regulatory body NYDFS fines Paxos $26.5 million for Binance connections, mandates compliance corrections

NYDFS orders pause in Binance BUSD stablecoin issuance by Paxos Trust, as stated in February 2023.

Regulatory Authority NYDFS Imposes Penalty of $26.5 million on Paxos Due to Binance Ties, Demands...
Regulatory Authority NYDFS Imposes Penalty of $26.5 million on Paxos Due to Binance Ties, Demands Rectification Measures in Compliance

Regulatory body NYDFS fines Paxos $26.5 million for Binance connections, mandates compliance corrections

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