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AMB Crypto
2023-02-14 11:30:25

How Circle alerted the NYDFS about Binance’s insufficient reserves

How Circle alerted the NYDFS about Binance’s insufficient reserves

USDC issuer Circle alerted the NYDFS about mismanagement of Binance’s reserves last year. The complaint came around the same time that Binance imposed its BUSD auto-conversion policy. Circle may have a hand in the recent regulatory crackdown on Paxos and Binance [BNB]. The USD Coin [USDC] issuer reportedly filed a complaint against Binance in 2022.

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