3 ms·
FTX international was not regulated and Tether is debt backed. So no it's not like either of those things.
by MacsHeadroom 4y ago
FTX international was not regulated and Tether is debt backed. So no it's not like either of those things.
- kikokikokiko 4y agoBinance is regulated where exactly? Can you please point me to the jurisdiction where it's offices are located, so I can instruct my lawyers to send them some papers? Just asking in case something happens in the future.
- MacsHeadroom 4y agoBUSD is not a Binance product, it is a Paxos product [0] regulated by the New York State Department of Financial Services. Binance merely pays to have their name on it. [1] Here is the specific NYDFS guidance on Paxos' issuance of stablecoins. [2] And here is a link to their NYDFS appointed third-party auditory accounting firm. Complaints against Paxos can be filed with the New York State Department of Financial Services at: One State Street New York, NY 10004 --- OR with Paxos directly at 450 Lexington Ave Suite 3952 New York, NY 10163 --- [0] https://paxos.com/busd/ https://paxos.com/busd/ [1] https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoins https://www.dfs.ny.gov/industry_guidance/industry_letters/il... [2] https://www.withum.com/ https://www.withum.com/
- kikokikokiko 4y agoSo in an eventual future where BINANCE stops allowing people to withdraw their BUSD, I can go to Paxos door and complain about it? Will my clown USD be returned to me?