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NYDFS Fines Paxos $26.5M, Orders Compliance Overhaul in Binance Stablecoin Case

$1.6B illicit Binance USD flows triggered penalties; Paxos to invest $22M to improve compliance.
The SEC and NYDFS have accused Paxos of inadequate KYC and AML controls.

Thursday, 07/08/2025 | 16:03 GMT by Tareq Sikder

CryptoCurrency

Binance to Suspend BUSD Lending This Month, Shifts Focus to FDUSD

The crypto exchange Loans service will stop accepting BUSD stablecoin on 25 October.
By February 2024, the exchange plans to withdraw support for its token completely.

Thursday, 05/10/2023 | 12:17 GMT by Damian Chmiel

CryptoCurrency

Binance Shifts Gears: Phases Out BUSD Support, Introduces New Alternative Stablecoin

The exchange has asked users to convert BUSD into other assets before February next year.
Binance has introduced First Digital USD (FDUSD) as the alternative.

Thursday, 31/08/2023 | 11:01 GMT by Jared Kirui

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