Paxos Trust Pays $48.5M to Settle Binance-Linked New York Case
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Description
Paxos Trust has agreed to pay $48.5 million after New York regulators said the company failed to stop illegal activity connected to the cryptocurrency platform Binance. The case brings fresh attention to how digital currency firms are being watched more closely by state authorities. New York Says Paxos Missed Red Flags In a major development, New York’s Department of Financial Services said Paxos Trust did not do enough to keep illegal transactions off its platform while working with Binance. Th...
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