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Binance Says – New York Watchdog’s Regulatory Approval Allows Banks to Use its Stablecoin

The New York Department of Financial Services (NYDFS), the financial watchdog of New York has granted regulatory approval to the USD stablecoin of the world’s leading cryptocurrency exchange Binance known as “Binance USD (BUSD)”. This week the regulatory authority included Binance USD into its Greenlist while approving the stablecoin for custody as well as listing. New York Banks are now allowed to use Binance USD The major cryptocurrency exchange Binance has said that after receiving regulatory approval from New York’s financial regulatory authority, New York banks have been given the permission to use the USD stablecoin of Binance. Banks are…

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