Binance reportedly conceived a plan to throw off US regulators after it became apparent that authorities there were cracking down on the industry. A Binance spokesperson told Blockworks the exchange d...
Tag: Changpeng “CZ” Zhao
Paxos to Cease Minting New BUSD and End Relationship with Binance
The New York Department of Financial Services (NYDFS) has directed Paxos to cease issuance of new BUSD tokens, effective Feb. 21. “BUSD will remain fully supported by Paxos and redeemable to onboarded...
CZ Acknowledges Bad User Experience as Binance Suspends US Dollar Transfers
Cryptocurrency exchange Binance is suspending US dollar transfers from Wednesday, but hasn’t given a reason for doing so. “We are temporarily suspending USD bank transfers as of February 8th,” a spoke...