Why binance Is Trending Today?

Paxos, a blockchain company, has agreed to pay a $48.5 million settlement to the New York Department of Financial Services (NYDFS) due to compliance failures in its partnership with Binance. The settlement follows an investigation into Paxos' anti-money laundering (AML) procedures and oversight of the stablecoin Binance USD (BUSD). This penalty is one of the largest ever imposed on a cryptocurrency company by a U.S. regulator, signaling a shift in the enforcement of crypto regulations.

Binance Appoints Gillian Lynch as Head of Europe and UK

Gillian Lynch, former Gemini executive, appointed as Binance's Head of Europe and UK Operations.