US regulator orders crypto firm to stop minting Binance stablecoin | CNN Business

. Paxos, a blockchain company, announced Monday that it had been instructed by the New York State Department of Financial Services to stop issuing

through February 2024, with options to redeem funds in US dollars or to convert their tokens to Pax Dollar, another stablecoin issued by the company. Paxos also said it would “end its relationship” with Binance, the world’s largest crypto exchange. It did not say why the regulator had ordered it to stop issuing

is one of the world’s most popular stablecoins, with a circulation of 15.8 billion tokens, according to CoinMarketCap. Stablecoins are digital currencies that are designed to hold steady. They’re usually pegged to real-world assets such as gold or the US dollar. In a statement to CNN, Binance stressed that, although its name appeared on the coin, “

, which is entirely owned by Paxos and regulated” by New York authorities, the exchange said. Investors rattled The

The US Government allowed Pharma Corps to pump opiates into society. Subjecting Children to decaying societal conditions. While politicians profited via lobby.. This level of poisoning our people would embarrass the tyrants leaders in Russia.

This tattoo freak. Had to cover is neck tattoo wow capital police cnn expert lmao

I knew as well!

Nothing more than FUD on the crypto industry. This is just USA clearing the way for a cbdc

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