Binance withdrawals surge following Paxos, BUSD issue
Following the New York Department of Financial Services (NYDFS) crackdown on Paxos and stablecoin Binance USD, Binance cryptocurrency exchange has seen an increase in withdrawals over the past 24 hours. The BUSD token has also experienced significant redemptions; according to Peckshield, 342 million BUSD were burned in the previous day. News of potential enforcement action […]
SEC plans to pursue crypto firms acting as “qualified custodians”
The Securities and Exchange Commission (SEC) of the United States is allegedly set to propose new regulatory changes this week that may affect what services crypto businesses can offer their clients. According to a Feb. 14 Bloomberg story citing “people familiar with the matter,” the securities regulator is working on a draft proposal that would […]