Coin Edition
2023-02-14 07:38:32

NYDFS’ Crackdown On Paxos May Be Prompted By Circle’s Complaint

The intensified regulatory crackdown against Paxos and its crypto offerings may not have anything to do with their security status, as claimed by regulators. A lawyer recently took to Twitter to highlight recent developments that may explain the New York Department of Financial Services’ motivation to go after the BUSD issuer. According to Collins Belton, The post NYDFS’ Crackdown On Paxos May Be Prompted By Circle’s Complaint appeared first on Coin Edition .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.