Retirement Funds Embrace Cryptocurrency Investments
Main Idea
A new executive order will allow retirement funds to invest in cryptocurrencies, influencing BTC's price, while the NYDFS concluded a case against Paxos with a $26.5 million penalty.
Key Points
1. A new executive order permits retirement funds to invest in cryptocurrencies, expected to be signed at 19:00.
2. The order has already driven BTC's price towards $117,000.
3. The NYDFS concluded a case against Paxos, resulting in a $26.5 million penalty for negligence in its relationship with Binance.
4. Paxos must address deficiencies in its anti-money laundering program as per a DFS-approved plan.
Description
A new order allows retirement funds to invest in cryptocurrencies, impacting BTC prices. Paxos settled with New York, paying $26.5M and agreeing to additional investments. Continue Reading: Retirement Funds Embrace Cryptocurrency Investments The post Retirement Funds Embrace Cryptocurrency Investments appeared first on COINTURK NEWS .
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