Stablecoin
Stablecoin Issuer Paxos Burns $700M Binance USD Amid Regulatory Pressure
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. That was when Paxos announced it would stop issuing the cryptocurrency amid mounting regulatory pressure, blockchain data shows. Jesse Austin Campbell, Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor, discusses his outlook for the stablecoin market and crypto regulation.
Paxos to Stop Minting Stablecoin BUSD: What Happens Next?
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). Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell weighs in. "The lesson showing people here is that over the last few years, the greatest mistake is to be an on shore regulated company in the crypto space," Campbell said.
Комісія з цінних паперів і цінних паперів націлилася на Paxos, і (на жаль) це добре для Bitcoin
Незважаючи на те, що найбільша Криптовалюта не була предметом прямої уваги регуляторів, біткоіни не повинні ставати вболівальниками.
BUSD Stablecoin наближається до прив’язки до 1 долара після коментарів генерального директора Binance
Чанпен Чжао у вівторок відмовився від стейблкоїна під брендом Binance.
Емітент стейблкойнів Paxos спалив $700 млн. Binance USD за 27 годин на тлі регулятивного тиску
З понеділка пропозиція BUSD знизилася більш ніж на 6%.
Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security
Paxos acknowledged it received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming based on the charge that its Binance USD (BUSD) stablecoin constitutes an unregistered security, according to a Monday press release. But the stablecoin issuer said it "categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws." CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what we know so far and the larger implications for crypto regulation.
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.
Ринкова капіталізація Binance USD на 16 мільярдів доларів зростає для захоплення, оскільки регуляторні дії Paxos викликають суперництво за стейблкойнами
Стейблкоїн USDT від Tether, ймовірно, стане великим виграшем, оскільки Paxos припиняє випуск стейблкоїнів Binance USD після того, як на нього подав позов головне агентство з нагляду за цінними паперами США.
