3/28/2023 0 Comments Binance us support![]() ![]() You alone bear the risk for your investment decisions. ![]() Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The content of this website solely reflects the subjective and personal opinion of the authors. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. Interestingly, some experts believe that BUSD does not pass the Howey Test, and cannot be labeled as security. Several questions have been raised about whether the BUSD falls within the demand of the Howey Test. Investors can now trade assets through the Binance DEX with unparalleled security assurance that the Ledger Nano S provides. According to reports, this has enabled companies to earn more yields in the period interest rates continue to be raised by the U.S. With Binance’s Decentralized Exchange now live, we are happy to be able to provide Ledger’s security support, said Eric Larchevêque, Executive Chairman of Ledger. Over the years, stablecoin issuers such as Paxos have benefitted by issuing and investing customers’ cash deposits in short-term US Treasury. Office of the Comptroller of the Currency (OCC) to obtain final approval for a national trust bank charter. The market has evolved and the Binance relationship no longer aligns with our current strategic priorities.Ĭascarilla also mentioned that Paxos is working with SEC to file an application to obtain a clearing agency license. In addition, the decision to end all relationships with Binance has nothing to do with the NYDFS directive and its engagement with the SEC. Paxos stated that it will continue to support and redeem BUSD until February 2024. We are engaged in constructive discussions with the SEC, and we look forward to continuing that dialogue in private. Reuters has also disclosed that the company CEO has sent an email to the employees about its continuous engagement with the agency. ![]() Also, Cascarilla has stated in an internal communication that Paxos would strongly contest in court that BUSD is not a security. The company stated emphatically that it disagrees with SEC’s position on BUSD.Īccording to Paxos, the stablecoin is not securities under the Federal Securities Law. According to recent reports, Paxos CEO Charles Cascarilla has been in touch with the Agency over the restrictions. Securities and Exchange Commission (SEC) issued a Wells Notice against Paxos over claims that BUSD is unregistered securities. to stop creating Binance US Dollar (BUSD). Recently, The New York Department of Financial Services ordered Paxos Trust Co. ![]()
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