Paxos “violated its obligation to conduct tailored, periodic risk assessments and due diligence refreshes of Binance and Paxos-issued BUSD customers to prevent bad actors from using the platform,” a spokesman with the regulator told Reuters, saying the token wasn’t being administered in a “safe and sound” manner.
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Why crypto?
Cryptocurrencies are becoming increasingly popular due to the transparency, security, and speed that they offer. Transactions made using cryptocurrencies are secured and...