New York fines Paxos $48.5M over Binance-linked compliance lapses

The New York Department of Financial Services (NYDFS) has imposed a $48. 5 million penalty on Paxos as part of its enforcement action against the stablecoin issuer, according to an Aug. 7 announcement. The settlement includes a $26 source: https://cryptoslate.com/new-york-fines-paxos-48-5m-over-binance-linked-compliance-lapses/