Tag: BUSD

U.S. Regulators Requires To Stop The Minting And Issuance Of Stablecoin BUSD!

Crypto Ben - February 14, 2023

The U.S. Securities and Exchange Commission (SEC) has informed New York-based crypto firm Paxos Trust Co. that it plans to sue the company for violating investor protection laws. The notice alleges that Binance stablecoin BUSD issued by Paxos would be an unregistered security. Paxos should have registered the offering of BUSD under the federal securities laws, the notice said. The New York Department of Financial Services (NY DFS) ordered Paxos to stop minting BUSD.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.