Binance and Paxos Caught up in Crypto Regulatory Crackdown

Paxos has announced that it will halt the minting of the BUSD stablecoin as regulators clamp down on crypto firms.

• 2023-02-14
• Paxos BUSD Binance Federal Deposit Insurance Corporation New York Department of Financial Services Changpeng Zhao

Crypto firm Paxos ordered to stop minting Binance dollar-pegged token as SEC's crackdown widens

The firm will stop issuing BUSD, the world's third-biggest stablecoin, as the SEC reportedly plans to sue Paxos for the sale of unregistered securities.

• 2023-02-13
• Paxos Binance BUSD SEC

Stablecoin issuer Paxos ordered to halt creation for Binance USD

Stablecoin issuer Paxos said Monday it would cease creating BUSD tokens, the stabelcoin associated with Binance, following an order from New York's state regulator.

• 2023-02-13
• Paxos BUSD Paxos Trust