Stablecoin issuer Paxos fined $26.5M by NYDFS over BUSD-tied compliance lapses

2 hours ago 1

• Cryptocurrency

• Comments

The New York Department of Financial Services said Thursday it has fined stablecoin issuer Paxos Trust Company $26.5M for anti-money laundering deficiencies and compliance failures tied to its partnership previous alliance with crypto exchange Binance.

Paxos also agreed to invest

Recommended For You

More Trending News

See More »

1. Homepage
2. Politics
3. Stablecoin issuer Paxos fined $26.5M by NYDFS over BUSD-tied compliance lapses