Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: MRM on August 07, 2020, 01:51:44 PM
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Binance’s USD stablecoin has been green listed by New York’s financial watchdog meaning banks and financial institutions can use the asset without any further regulatory approval.
The New York Department of Financial Services (NYDFS) updated its "Greenlist" this week to include Binance USD (BUSD).
This means banks in the New York area can now custody and list BUSD without prior approval from the NYDFS – they must still inform the regulator before adding it, however.
Source: https://www.coindesk.com/binance-says-banks-can-now-use-its-stablecoin-after-new-york-regulatory-approval