Paxos Trust reached a $48.5 million settlement to resolve New York charges the virtual currency company failed to police ...

New York’s top financial regulator has fined Paxos, a New York City-based stablecoin issuer, $26.5 million for “systemic ...

Stablecoin issuer Paxos Trust will pay a $26.5 million penalty to New York State to resolve charges related to its previous ...

New York's bank regulator says Paxos ignored obvious money-laundering red flags and lacked basic compliance controls, ...

Paxos Trust has agreed to pay a $48.5 million settlement to the New York Department of Financial Services (NYDFS), resolving ...

Some of the charges stem from the stablecoin issuer’s relationship with Binance. The agreement includes a $22 million ...

While Paxos Trust Co. agreed to pay the state of New York $26.5 million, it said the historic compliance issues have no ...

Paxos will pay $48.5M to resolve charges from New York’s financial regulator over its partnership with Binance & issuance of ...

NYDFS secures $48.5M settlement with Paxos over AML failures in Binance partnership allowing $1.6B illicit transactions.

Binance has partnered with BBVA for independent custody using U.S. Treasuries, seeking to restore trust after fines and the ...

Paxos has reached a $48.5 M NYDFS settlement after weak monitoring of flows linked to Binance, missing $1.6 B in risky ...

Paxos Trust reached a $48.5 million settlement to resolve New York charges it failed to conduct sufficient due diligence of its former partner Binance, and had systemic failures in its anti-money ...