I reached a financial settlement of $48.5 million with the State of New York, following issues related to the partnership with Binance regarding anti-money laundering.
#Paxos #BinanceNews #CryptoRegulation #CryptoLaw #Write2Earn
:
This means that Paxos, which was working with Binance, paid a hefty fine to the New York government due to violations of money laundering laws. The crypto regulation scene is on fire these days!