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AA News Binance Binance USD (BUSD) Crypto News Money Laundering Paxos

Paxos Settles with NYDFS for $48M Over Binance and AML Violations

Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS). This is to resolve allegations related to inadequate due diligence on its former partner, Binance, and failures in its anti-money laundering program. NYDFS Probe Finds Paxos Lacked Oversight According to an August 7 press release, the terms of the […]

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AA News Binance Binance USD (BUSD) Crypto News Stablecoins

Binance Announces BFUSD with High APY but Faces UST Comparisons

Binance’s token BFUSD has already sparked speculation even before its launch. It all started with Binance’s introduction of the new asset on Monday which offers 19.55% APY, positioning itself as an alternative to conventional stablecoins. Not a Stablecoin, But a Reward-Bearing Asset According to the website, users can earn daily rewards simply by holding BFUSD […]

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