Payments giant PayPal froze the distribution of a wet stablecoin after news about the investigation of NYDFS (New York State Department of Financial Services) into the activities of Paxos, the emitter of BUSD and PUSD. Let me know about you Bloomberg.
Paxos partnered with PayPal to issue a stablecoin. It has been said that the issue of the token will be the nearest days.
At the moment, the payment giant is not aware of the changing regulatory landscape for such assets and is consulting with identifying partners.
“We are looking forward to the “stable coin”. Even though it seems to be expanding, then, insanely, closely with regulators, ”said Amanda Miller, the company’s press secretary.
Context. First information about the company’s plans z’appeared at grass 2021 fate. At that time, one informed gerel told that PayPal had a bigger and better partner, already represented in the stablecoin sector.
And already 10 fierce Bloomberg talking about NYDFS investigations Paxos activities. 13 Fierce The Wall Street Journal about the SEC plans to file before the court to the company for participation in the issuance of BUSD. The commission recognized the stablecoin for paper prices.
