JURIST

FEBRUARY 14, 2023

Crypto firm Paxos Trust Company LLC Monday announced the New York Department of Financial Service (NYDFS) ordered them, effective February 21, to cease issuing new BUSD tokens with fellow crypto firm Binance. In response, on February 13, 2023, Paxos notified customers of its intent to end its relationship with Binance for BUSD.

Litigation 211

Litigation Litigating Laws Finance 211

Law 360

MAY 11, 2022

Crypto exchanges FTX US and Binance were among a trio of fintech firms that announced compliance-related hires Wednesday, with the latter company appointing a former deputy U.S. attorney in California to help oversee its legal department and global compliance.

Legal 52

Legal Legal Attorney 52

Customs & International Trade Law

NOVEMBER 24, 2023

Department of Treasury Office of Foreign Assets Control (OFAC) OFAC announced a $968,618,825 settlement with Binance Holdings, Ltd. an Arizona-based company, to stop distributing drugs until the company complies with the Federal Food, Drug, and Cosmetic Act (FD&C Act). sanctions against Venezuela, Russia. U.S.

Drafting 52

Drafting Manufacturing Government Laws 52