Tag: NYDFS

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NYDFS Fines Paxos $26.5M, Orders Compliance Overhaul in Binance Stablecoin Case

Scam detection 2025-08-07T18:03:05.441+02:00 Thursday, 07/08/2025 | 16:03 GMT by Tareq Sikder $1.6B illicit Binance USD flows caused penalties; Paxos to invest $22M to bolster compliance. The SEC and NYDFS have accused Paxos of inadequate KYC and AML controls. The Original York Department of Monetary Services presented a $forty eight.5 million settlement with Paxos, a crypto […]