🏛️ #Paxos, el emisor de #stablecoin, solicita una licencia bancaria en EE.UU. para fortalecer su oferta de servicios financieros regulados y establecer una presencia más robusta en el país.

🇺🇸 Sanción millonaria a #Paxos por su colaboración con #Binance.

https://x.com/WhisprNews/status/1953512013499355280

📢 El NYDFS anuncia un acuerdo de $48.5 millones con #Paxos, destacando graves deficiencias en las medidas #AML relacionadas con su colaboración con #Binance.
🇪🇺 $USDG de #Paxos emerge como la primera #stablecoin completamente regulada por #MiCA, con la licencia de la FMA y un compromiso total con la transparencia y las leyes de la #UE.
🇪🇺 #Paxos expande Global Dollar Network con $USDG en la UE, con el respaldo de #Robinhood y #Kraken, entre otros. La #stablecoin regulada busca desafiar el dominio de $USDC y $USDT.

today in stablecoin news we look at the case of #Paxos, the "responsible" #stablecoin issuer behind the largest stablecoin ever to be shut down by the government for money laundering and counterfeiting (#BUSD, aka "Binance USD", was killed off by NY's regulators when it was revealed that Binance was counterfeiting BUSD tokens that had no actual money behind them).

- Paxos: "We're insured"
- Customers: "Wow! So who sold you the insurance? I heard it's hard to get insurance as a crypto company."
- Paxos: "A little company called Paxos"

p.s. one of the ex-Paxos guys behind BUSD, Austin Campbell, is considered a major thought leader for the industry and was a huge advocate for (and probably an architect of) the #GeniusAct

#AustinCampbell #stablecoins #crypto #finance #cryptocurrency

The Paxos algorithm, when presented on a furry valentine's card, is very romantic.

#furryart #paxos

Guten Morgen #Paxos!