‘Ticking Time Bomb’ for US, China Eco Relations
Bloomberg Businessweek
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The New York State Department of Financial Services Directed PayPal to Stop Issuing a Stablecoin Branded by Binance
The New York State Department of Financial Services said it had directed your company to stop issuing a stablecoin branded by Binance. Paxos is an infrastructure provider of regulated products, and we create white label products where other people's brands might be on them. And you know, when you have that going on there can sometimes be confusion, which we really work very, very hard to try and avoid. I'll be honest, we want more regulation. We think there's a place, there really is no place for unregulated stablecoins. You're not going to get wide scale adoption without it.
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