BUSD 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:
So 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?
[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/
[1] https://www.dfs.ny.gov/industry_guidance/industry_letters/il...
[2] https://www.withum.com/