Binance CEO Warns of 'Profound Impacts' on Crypto Industry if BUSD Is Ruled as a Security
Paxos, which is regulated by the New York Department of Financial Services , also announced Monday that “it willwith Binance for the branded stablecoin BUSD.” Paxos also said it “will cease issuance of new BUSD tokens” on Feb. 21. BUSD, even though called Binance USD, is not issued or redeemed by Binance … BUSD is a stablecoin wholly owned and managed by Paxos.
According to Zhao, “Paxos will continue to service the product and manage redemptions.” He added that Paxos has assured Binance that funds are safe “and fully covered by reserves in their banks, with their reserves audited many times by various audit firms already.”The Binance CEO also commented on the alleged SEC lawsuit against Paxos. While admitting that he is “not an expert on U.S.
protest binance protest 🏴🪧
cz_binance binance Yay let's pray it $BkktIt's easy to see they have a custodian in place for NFTs! Only 5 seconds of fame vs 15. They always win CZ. Get your money take care of the people you service (be transparent) and go down as a Legend not like these other Clown!
Would Binance had enough power to build a POW fully decentralized and collateralized stablecoin? It would multiply credibility and adoption of crypto. Thank you. Support binance.
Stablecoins are highly centralized
Take does busd in to babydoge
I think the profound impacts are the intended results of the SEC
who controls the sec, luckily they only have power in the us states
GM GM! If you are interested in Crypto, Stablecoins and CBDC, please take a look at our upcoming space this Sunday! 🤝 We'll be breaking down a report by the .BIS_org with potential regulatory outcomes. Read the thread for a quick summary! 🧵👇
Binance is going to fold
If it's backed by USD then what's the problem? 🤡🤡🤡 CZ is up to his balls with his arbitrary services, THAT'S WHY !!! See you at $3k bitcoin
Bitcoin was going to zero anyway 🤣 I don't want this as a fukin excuses from the moon boys. There no liquidity and the house of cards is collapsing 💯
This is the first time I've to agree with your scam lord. It will be the end of your scamdustry.
How is a stable coin a security? It doesn't mean 'expectation of profits' requirements.
cz_binance
short with 30x lev
buy btc
Please help the victims of the earthquake in Turkey as much as you can through Bitcoin bc1qxdhsyw9drrs4ptl825dqylq4 52pzg6luk340su Turkiye deprem Earthquake
Cokta s.kimizde
Get ready for Doge 🔥🔥🔥
I “forgot” that he said “For that region “
CZ hai paura? Era ora che venisse a trovare anche te.
there are always foul ways done by whales to drop bitcoin and they will buy when bitcoin falls. and when bitcoin goes back up the whales immediately sell and get big profits. and so on in the world of crypto and bitcoin.
Everyday is bad news for cryptocurrency , this time bitcoin will reach at $3k
Not as profound as when $BNB is ruled as a security cz_binance
Fake pump now again dumping will start ,
Danger ⚠️ moment
It's time for the dog to give his mission to the babydog
Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!
saitama
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