 
Citiraj:
Citiraj:
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PayPal has halted the debut of its stablecoin amid heightened regulatory scrutiny in the crypto industry and news of a probe by the New York State Department of Financial Services (NYSDF) into its key partner, Paxos. Crypto firm Paxos was working closely with PayPal to launch a ‘PayPal Coin,’ announced last year when it was leaked by Bloomberg. The coin was intended to be backed by the US dollar. Paxos made headlines this weekend after the Securities and Exchange Commission (SEC) threatened legal action against the firm for minting BUSD, the stablecoin of crypto exchange Binance. The SEC alleges that BUSD is an unregistered security. In response, Paxos has announced that it will no longer issue new BUSD tokens from February 21 onwards. Binance has been embroiled in scandal that has caught the attention of regulators and criminal investigators on suspicions of money laundering and other financial crimes. Paxos’ legal threat by the SEC suggests that the commission may be closing in on the exchange.
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Izvor: Protos
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