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Crypto exchange Binance considers cutting ties with U.S. partners: Bloomberg

Binance, the world’s largest crypto exchange, is considering ending its relationship with its U.S. partners and delisting tokens from any U.S.-based projects, according to a Bloomberg report Friday. Stablecoin issuer Paxos said earlier this week that it

Binance, the world’s largest crypto exchange, is considering ending its relationship with its U.S. partners and delisting tokens from any U.S.-based projects, according to a Bloomberg report Friday. Stablecoin issuer Paxos said earlier this week that it would stop minting new BUSD, a dollar-pegged cryptocurrency managed by Paxos and branded by Binance, following an order by the New York State Department of Financial Services requiring that minting cease. Paxos also recently received a Wells notice from the U.S. Securities and Exchange Commission that warned the stablecoin issuer it could face an enforcement action.

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