Key Points: On March 31, Paxos’s initial application for a new bank charter, which was made in December 2020, ran out of time. The OCC gave the company 18 months to implement the business plan. The stablecoin issuer’s current operations are unaffected by the expired application. According to the records maintained by the U.S. Office…
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Importants of BUSD and Paxos in this article The Binance stablecoin will still be accepted by cryptocurrency exchange Binance despite the fact that American regulators have issued a stop order for Paxos Trust Corporation, the stablecoin’s issuer. Notwithstanding the anticipated regulatory action, Changpeng “CZ” Zhao, CEO of Binance, has made an attempt to reassure users…
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