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Paxos pays $26.5M to NYDFS over compliance failures with Binance

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💸 Paxos will pay $26.5M to NYDFS over compliance failures tied to its 2018 $BUSD partnership with Binance. Paxos relied on Binance’s assurances to block U.S. users—without verifying controls. Issues now “remediated.” #Stablecoins #CryptoRegulation #BUSD

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