Crypto Firm Paxos to Stop Issuing Dollar-Pegged Binance Token

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Crypto Firm Paxos to Stop Issuing Dollar-Pegged Binance Token
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New York regulators directed a crypto company to stop issuing one of the largest dollar-pegged cryptocurrencies as a government clampdown on the sector widens

, to stop creating more of its BUSD token, Binance said in a statement. Paxos will continue to manage redemptions of the product, the giant crypto exchange added.

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