New York regulator says Paxos unable to "safely" issue Binance's stablecoin - 0 views
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John Kiff on 13 Feb 23The NYDFS reportedly said that Paxos was unable to administer the token in a "safe and sound" manner and "violated its obligation to conduct tailored, periodic risk assessments and due diligence refreshes of Binance and Paxos-issued BUSD customers to prevent bad actors from using the platform.