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Category BUSD

New York fines Paxos $48.5M over Binance-linked compliance lapses

New York fines Paxos $48.5M over Binance-linked compliance lapses

The New York Department of Financial Services (NYDFS) has imposed a $48.5 million penalty on Paxos as part of its enforcement action against the st...
NYDFS Fines Stablecoin Issuer Paxos $26.5M for Compliance Failures Tied to Binance’s BUSD

NYDFS Fines Stablecoin Issuer Paxos $26.5M for Compliance Failures Tied to Binance’s BUSD

In addition to the fine, Paxos agreed to invest another $22 million into beefing up its compliance program.
Crypto card provider terminates services in Ukraine

Crypto card provider terminates services in Ukraine

Payment card issuer Weld Money is joining other crypto firms quitting business in Ukraine as a result of military restrictions and regulatory uncer...
US authorities seize $31M in crypto linked to 2021 Uranium Finance hack

US authorities seize $31M in crypto linked to 2021 Uranium Finance hack

US authorities have seized $31 million in cryptocurrency-related to the April 2021 hack of the now-defunct decentralized finance platform Uranium F...
Why Stablecoins Fail: Lessons From the Past

Why Stablecoins Fail: Lessons From the Past

Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-...