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Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters

The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.

Adrienne A. Harris, superintendent of the New York Department of Financial Services (NYDFS)
Adrienne A. Harris, superintendent of the New York Department of Financial Services (NYDFS)