February 13, 2023 BY Steffy Bogdanova

Paxos ordered to stop issuing Binance stablecoin BUSD

The news follows an The Wall Street Journal report that The Securities and Exchange Commission (SEC) was planning to file a lawsuit against Paxos for violating investor protection laws. Binance CEO Changpeng Zhao responded quickly on Twitter to Paxos’ decision to stop offering BUSD. He wrote: We were informed by Paxos they have been directed…

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