Paxos settles with New York financial regulator for $48.5 million over involvement with Binance BUSD partnership
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最新报道：Paxos Trust Company has agreed to pay $26.5 million in fines to New York regulators for inadequate due diligence in its Binance partnership on BUSD stablecoin and AML program shortcomings. The NYDFS settlement requires Paxos to invest an additional $22 million in compliance upgrades. Regulator Adrienne Harris emphasized the need for robust risk management in business partnerships. Paxos stated the issues were resolved years prior with no consumer impact. The 2018 BUSD collaboration required Paxos to verify Binance's geofencing controls for U.S. users, which NYDFS found insufficiently vetted. This follows NYDFS's 2023 order halting Paxos' BUSD issuance and Binance's separate $4 billion settlement with U.S. authorities last November.
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