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

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

New retirement law increases tax-free savings options | CNN BusinessSecure 2.0, the new retirement rules that lawmakers passed in late December, includes several provisions that will make the tax-free savings vehicle known as a Roth more accessible and flexible. And, in one instance, it will mandate that some higher-income earners put a portion of their 401(k) savings in a Roth account. Remember when all you worried about was mean tweets? Now your drowning in bills and lie after lie!
Källa: CNN - 🏆 4. / 95 Läs mer »

Barney the purple dinosaur is back and he has a new look | CNN BusinessBarney is back, and while Mattel has not yet officially confirmed it, we're guessing he still loves you. Hes probably going to be a transgender dinosaure... I though Barney died of AIDS. Vinyl Chloride, a deadly chemical has 'contaminated the Ohio River, which serves 10% of the US population, due to train derailment
Källa: ALNewsNetwork - 🏆 583. / 51 Läs mer »

Sports gambling sites cash in on Super Bowl betting mania | CNN BusinessWith more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. The American Gaming Association is predicting that more than 50 million people will bet about $16 billion on the National Football League championship game between the Kansas City Chiefs and Philadelphia Eagles. And the sky will be blue And nobody knows who plays! Why are you not covering the train derailment and massive toxic explosion in Ohio?
Källa: CNN - 🏆 4. / 95 Läs mer »