Paxos
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Paxos Treasury Destroys Over 89 Million BUSDs in February 2023
According to the report, Whale Alert monitoring data showed that at 02:12 on February 18, 2023 Beijing time, Paxos Treasury destroyed 89821823 BUSDs.
P…
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Potential replacement of BUSD with a new stable currency
It is reported that some institutions have contacted and proposed to launch a new stable currency to replace BUSD. According to Patrick Hillmann, the chief str…
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Regulatory Action Targets BUSD and its Issuer, Paxos, but not Other Cryptocurrencies
It is reported that Bernstein said in a research report on Thursday that the regulatory action against the Binance USD (BUSD) stable currency and its issuer Pa…
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NYDFS asks Paxos to halt issuance of BUSD; Coinbase affirms currency’s non-security status
According to reports, Coinbase said in its official tweet that this week the New York State Department of Financial Services (NYDFS) asked Paxos to stop issuin…
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Paxos Receives Notice from SEC Regarding Binance USD
According to reports, according to Monday\’s press release, Paxos, the issuer of the stable currency, admitted that it had received the notice from the United S…
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NYDFS Halts BUSD Issuance by Paxos, Binance’s Stablecoin Issuer
It is reported that Circle reported to the New York Financial Services Department (NYDFS) in the fall of 2022, complaining that the blockchain data showed that…
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New York Regulator’s Order Sparks Decentralized Lending Institution Liquid’s Token Surge
It is reported that after the New York regulatory authority ordered Paxos to stop issuing BUSD, the price of the original token LQTY of the decentralized stabl…
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BUSD and Paxos: A Regulatory Circle in the World of Securities
7:00-12:00 Key words: Circle, BUSD, Paxos, SEC, Yingtou Securities
Summary of important developments at noon on February 14
Interpretation of the …
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NYDFS orders Paxos to stop issuing BUSD due to supervision problems with Qian’an
On February 14, the New York State Department of Financial Services (NYDFS) officially explained that: \”The department has ordered Paxos to stop casting the BU…
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Largest Single Day Net Outflow of Cipher Exchange’s Currency Security since 2022 due to Regulatory Measures
On February 14, Nansen data showed that the net outflow of Cipher Exchange\’s currency security was about 831 million US dollars in the past 24 hours, which was…
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BUSD-USDT Pairs’ Trading Volume Increased by 4836.2% Since Paxos’ Announcement
On February 13, according to CryptoCompare data, since Paxos announced that it would stop issuing new BUSD and terminate its partnership with Binance on Februa…
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Regulatory action against Paxos affects BUSD anchor price stability
On February 13, it was reported that after the US SEC took regulatory action against the issuer of BUSD, Paxos, the anchor price of BUSD began to be unstable. …
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Paxos commits to supporting BUSD until 2024
On February 13, Paxos said that the existing BUSD would be fully supported and redeemed at least until February 2024.
Paxos: The existing BUSD will be …
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CZ of Binance Offers Assurance on Paxos amidst SEC Investigation
On February 13, CZ, the founder of Binance, released a tweet in response to the recent \”SEC investigation of PASD publisher Paxos\” incident, saying that Paxos …
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SEC’s Struggle in the Crypto Space
According to reports, Frank Chaparo, the News Director of The Block, tweeted th