In brief New York-based fintech Paxos worked with Binance to mint the BUSD stablecoin. It stopped working with Binance in 2023. New York’s regulator has said Paxos will pay a $26.5 million penalty for not doing due diligence on Binance. Stablecoin issuer Paxos Trust will pay a $26.5 million penalty to New York State to...
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