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CryptoNewsZ
2023-02-28 07:54:35

Coinbase to suspend BUSD trading due to regulatory crackdown

Coinbase to suspend BUSD trading due to regulatory crackdown

Coinbase, the second-biggest crypto exchange by trading volume, announced the suspension of BUSD trading. The exchange has also delisted the Paxos-backed stablecoin from the platform. Paxos recently received an ultimatum from the NYDFS (New York State Department of Financial Services.) The instructions stated that the firm had to stop the issuance of BUSD in the …

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