Paxos

Paxos

Videos

Paxos Says it Will 'Engage' With SEC and 'Vigorously Litigate' if Needed

TuongVy Le, Bain Capital Crypto Partner and Head of Regulatory and Policy, reacts to Paxos saying that it has received a Wells Notice from the U.S. Securities and Exchange Commission, indicating a possible enforcement action based on the charge that its Binance USD constitutes an unregistered security. Plus, the potential implications for Kraken halting all U.S. staking operations as part of a $30 million settlement with the SEC.

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Markets

Nagmamadaling Mag Tether ang mga Investor habang Hinaharap ng Paxos' BUSD ang Regulatory Heat, Curve Liquidity Pools Show

Tinatakas ng mga mamumuhunan ang stablecoin na inisyu ng Paxos kahit na ang kumpanya ay nagbigay ng mga katiyakan na ito ay ganap na suportado at mawawasak sa maayos na paraan, sabi ng ONE tagamasid.

Acción regulatoria contra BUSD provoca que los inversores se trasladen a tether. (Brian Merrill/Pixabay)

Markets

Lumakas ang Binance Withdrawals habang Tumitimbang ang Paxos-BUSD Drama sa Exchange

Tiniis ng Binance ang humigit-kumulang $831 milyon ng mga net outflow sa nakalipas na 24 na oras, ipinapakita ng data ng Nansen. Ang paglabas ng Lunes ay ang pinakamalaki sa isang araw mula noong Nobyembre.

Monday's net outflows from Binance reached similar levels as during the peak fear about the exchange’s reserves in December. (Nansen)

Policy

Ang Paxos ay 'Kategoryang Hindi Sumasang-ayon' Sa SEC Na Ang BUSD ay Isang Seguridad, Sinasabing Ito ay Maglilitis Kung Kailangan

Kinumpirma ng issuer ng stablecoin na nakatanggap ito ng Wells Notice mula sa SEC, na nagsasaad na may paparating na posibleng aksyon sa pagpapatupad.

Paxos CEO Charles Cascarilla (CoinDesk)

Videos

Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). The International Monetary Fund (IMF) has warned that bitcoin's risks in El Salvador should be addressed. Shares of Hut 8 Mining continue to slide after agreeing to merge with U.S. Bitcoin Corp last week.

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Policy

Algorand Foundation CEO: Ang Crypto Crackdown ng SEC ay Nagha-highlight sa Kakulangan ng Regulatory Clarity

Sinabi ni Staci Warden sa CoinDesk TV na ang mga crypto-native na kumpanya ay pinarurusahan sa halip na bigyan ng patnubay.

Staci Warden (CoinDesk TV screenshot)

Policy

Circle Sounded Alarm sa Paxos, Sinabi sa NYDFS Binance's Stablecoin ay T Ganap na Na-back: Bloomberg

Dumating ang ulat sa gitna ng tumataas na mga alalahanin sa regulasyon para sa Paxos.

Paxos CEO Charles Cascarilla (Danny Nelson/CoinDesk)

Videos

Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details and the wider implications for crypto regulation.

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